Considering the importance of optimizing renewable energy systems, this paper aims at calculating the exact efficiency of a stand-alone wind turbine connected to a synchronous generator with permanent magnet excitation (PMSG). By accounting for mechanical and electrical losses (copper losses, stray load losses, iron core losses, friction losses, windings losses, and magnetizing saturation effect), the study investigates the impact of wind speed on the generator's performance and efficiency in addition to the impact of losses on the overall efficiency of (PMSG). The simulation of the PMSG dynamic model 8.5×(10)^3 V․A is executed using MATLAB/Simulink, employing a simplified equivalent circuit that accurately represents the PMSG's behavior under steady-state conditions with resistive loads. Wind speeds of 12 and 14 meters/second are chosen as fixed values to demonstrate the effect of varying wind speed on efficiency. The obtained results reveal the influence of wind speed on the PMSG efficiency. The presented findings contribute to the understanding of PMSG performance and can aid in optimizing the stand-alone wind turbine systems, they also show that the wind had an effect on the efficiency values that were obtained (97.86% at 12m/s and 97.91% at 14 m/s), while the effect of losses was very few around 3%. However, the obtained results are very good compared to previous studies to show the accuracy and validity of the suggested dynamic model.