The accuracy prediction for the performance of an induction generator depends much on the parameters of the equivalent circuit. This paper presented a new way for calculating these parameters of induction generator with double windings. The method is based on 2D time-dependent magnetic field coupled with electric circuit. An application example of a 12-phase self-excited induction generator (SEIG) was provided to demonstrate the effectiveness of the presented approach. Some of the calculated results show good coincidence with the experiment values.