Wind turbine apparatus includes an upright mast with support bearings underlying and rotatably supporting a hub assembly having inner and outer coaxial shafts telescopically related but radially spaced to permit independent rotation about a generally horizontal axis. An armature winding is provided on the outer shaft and a plurality of dielectrically separated magnets are mounted on the inner shaft at a plurality of circumferentially spaced locations. A first set of rotor blades is mounted on the inner shaft at a plurality of circumferentially spaced locations, the rotor blades extending radially away from the axis of rotation and positioned on the inner shaft for rotating the inner shaft in a first direction about the axis of rotation when subjected to wind-induced air flow. A second set of rotor blades is similarly mounted on the outer shaft axially spaced from the first set of rotor blades for rotating the outer shaft about the axis of rotation in an opposite direction. The hub assembly may be selectively positioned in azimuth so that the first set of rotor blades is relatively closer to the wind-induced air flow, or windward, and the second set of rotor blades is relatively farther from the wind-induced air flow, or leeward. Electrical power is generated as the armature winding on the outer shaft and the plurality of magnets on the inner shaft rotate in opposite directions and power transfer apparatus is provided for drawing off the electrical power from the hub assembly to a distant receiver.