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This paper proposes a self-excited induction generator model with saturation effect for power generating mode in a remote site. The model is led through the space vector mathematical formalism and allows one to analyze the steady and dynamic states. It is developed for a squirrel cage induction machine. This model provides magnetizing inductance variation able to influence the build-up and the stabilization of voltage generation when the load changes. The final result is a realistic approach model which takes into consideration the dependency of the magnetizing inductance versus magnetizing current. This novel model is validated through experimental measurements to demonstrate its validity and practicability. [ABSTRACT FROM AUTHOR]