This paper deals with the nodal admittance approach steady-state frequency domain analysis of the three-phase self-excited induction generator (SEIG) driven by the variable speed prime mover as the wind turbine. The steady-state performance analysis of this power conditioner designed for the renewable energy is based on the principle of equating the input mechanical power of the three-phase SEIG to the output mechanical power of the variable speed prime mover mentioned above. Us-ing the approximate frequency domain based equivalent circuit of the three-phase SEIG. The main features of the present algorithm of the steady-state performance analysis of the three-phase SEIG treated here are that the variable speed prime mover characteristics are included in the approximate equivalent circuit of the three-phase SEIG under the condition of the speed changes of the prime mover without complex computations processes. Furthermore, a feedback closed-loop voltage regulation of the three-phase SEIG as a power conditioner which is driven by variable speed prime movers such as the wind turbine(WT) employing the static VAR compensator(SVC) circuit composed of the thyristor phase controlled reactor(TCR) and the thyristor switched capacitor(TSC) controlled by the PI controller is designed and considered for wind-turbine driving power conditioner.