In the current experiments, two identical wind turbine models were placed in uniform flow conditions in a water flume. The initial flow in the flume was subject to a very low turbulence level, limiting the influence of external disturbances on the development of the inherent wake instability. Both rotors are three-bladed and designed using blade element/lifting line (BE/LL) optimum theory at a tip-speed ratio, λ, of 5 with a constant design lift coefficient along the span, CL = 0.8. Measurements of the rotor characteristics were conducted by strain sensors installed in the rotor mounting. The resulting power capacity has been studied and analyzed at different rotor positions and a range of tip-speed ratios from 2 to 8, and a simple algebraic relationship between the velocity deficit in the wake of the front turbine and the power of the second turbine was found, when both rotors have the coaxial position.