This paper assesses the behavior of output voltage and frequency of wind-driven self-excited induction generators with variable excitation capacitances connected to the main and auxiliary windings under different operating conditions. The optimum values of the main winding excitation capacitance for fixed terminal voltage operation under different values of shunt capacitance, load, and speed are also evaluated. The obtained results show that the terminal voltage is highly affected by changing the main winding excitation capacitance. In addition, the frequency is greatly affected by changing the auxiliary winding excitation capacitance. However, under different operating conditions, variation in the output frequency under different values of the main winding capacitance, with fixed auxiliary winding capacitance, is acceptable. Extensive simulations were conducted and the results are discussed in this publication.