With the increasing demand for renewable energy sources in the past years, the interest in expanding the use of wind energy has grown. The next frontier in this expansion process is the use of floating wind turbines offshore. One of the main factors dictating the economic feasibility of such wind turbines is the complexity of their installation process. The dimensions of modern offshore wind turbines, the distance from the installation sites to the coast and demanding environmental factors all contribute to the difficult of developing an efficient installation concept for this kind of structures. In this work, we present a new concept for a catamaran vessel capable of handling the deployment of offshore wind turbines on floating spar platforms using a low-height lifting system that connects to the lower end of the wind turbine. The low-height lifting system is controlled by an active heave compensation system and constant tension tugger wires attached to the turbine mid-section are used to ensure the balance of the tower during the installation process. We conducted a series of hydrodynamic analysis using the software suit SIMA to study the dynamic response of the proposed system under different weather conditions and different operational layouts. This preliminary concept was proven feasible from a hydrodynamic point of view and can now be pushed forward for further studies regarding other aspects of the operation, such as impact and structural loads and mechanical design of components.