On the basis of a planetary transmission, a novel hydrodynamic speed controlled transmission system for wind turbines with large capacity is presented. The new drive train consists of wind rotors, planet accelerators, hydro-mechanical and synchronous generators. The dynamic mathematical model of the drive train is established. The digital simulation of speed regulation characteristics for hydrodynamic speed controlled system is studied by using Matlab/Simulink. The simulation results show that continuously variable transmission and fixed speed control can be achieved, and the drive train works well in stability and dynamic performances. They can increase the power yield from the wind, smooth the electric power output, and alleviate the load peak in the new drive train .