This paper deals with the development of an adaptive control system applied to voltage regulation of a standalone distributed power generation system, fed by self-excited induction generator. The generation system considers a four wire three-phase grid, composed by three phases plus neutral conductor, fed by three-phase three wires induction generator. The neutral conductor is created from the neutral point of star connection of excitation capacitors. The four-wire configuration allows the connection of three-phase loads in star or delta configuration, as well as single-phase loads. The voltage regulation is performed through a four-legs distribution static compensator (DSTATCOM) shunt connected to the AC bus. The adaptive controller proposed offers suitable voltage regulation in conditions of system's parameters variations such as, load connection and disconnection, and changes in induction generator's unmodeled parameters. The proposed generating system was simulated in MATLAB, where simulation results were obtained to show the good performance of the voltage regulation control system during the connection and disconnection of three-phase loads. Additionally, some preliminary experimental results are presented as well.