The design of a robust frequency converter controller for high dynamic performance of a synchronous generator requires an accurate dynamic model of the electromagnetic part. In this paper a new procedure for identifying the transfer functions of Park's dq-axis model of a synchronous generator has been developed. It will be shown that the parameters of this model can be easily identified from standstill time-domain data. The validity of the theoretical model has been verified by comparing time-domain simulations with measurements taken from the Lagerwey LW-50/750 direct-drive synchronous generator It can be concluded that a consistent model estimate of the electromagnetic part of the LW-50/750 generator has been obtained. Ultimate validation, however will follow after the implementation of the designed frequency converter controller in this wind turbine.