In this study, a new permanent magnet alternator is proposed in an effort to increase its power capability. The new alternator relies on an auxiliary winding sharing the same slots with the main alternator winding. The main alternator winding is connected to 12 Volt DC bus through an uncontrolled rectifier. The auxiliary winding, which is called control winding throughout the study, is connected to 300 Volt DC bus through a DC/AC inverter which enables full control over the winding current. Both main and auxiliary windings have fractional slot concentrated type coils in order to reduce mutual coupling among them. With the proposed structure, it is possible to extend constant torque region to higher speed. Furthermore, the proposed method enables to obtain better voltage regulation by flux strengthening at low speed region.