AbstractAs more floating farms are being developed, the wake interaction between multiple floating wind turbines (FWTs) is becoming increasingly relevant. FWTs have long natural periods in certain degrees of freedom, and the large‐scale movement of the wake, known as wake meandering, occurs at very low frequencies. In this study, we use FAST.Farm to simulate a two‐turbine case with three different FWT concepts: a semisubmersible (semi), a spar, and a tension leg platform (TLP), separated by eight rotor diameters in the wind direction. Since wake meandering varies depending on the environmental conditions, three different wind speeds (for all three concepts) as well as two different turbulence levels (for the semi) are considered. For the below‐rated wind speed, when wake meandering was most extreme, yaw motion standard deviations for the downstream semi were approximately 40% greater in high turbulence and over 100% greater in low turbulence when compared with the upstream semi. The low yaw natural frequency (0.01 Hz) of the semi was excited by meandering, while quasi‐static responses resulted in approximately 20% increases in yaw motion standard deviations for the spar and TLP. Differences in fatigue loading between the upstream and downstream turbines for the mooring line tension and tower base fore‐aft bending moment mostly depended on the velocity deficit and were not directly affected by meandering. However, wake meandering did affect fatigue loading related to the tower top yaw moment and the blade root out‐of‐plane moment.