A yaw system of a wind turbine having contingency autonomous control capabilities includes a plurality of yaw system components configured to change an angle of a nacelle of the wind turbine relative to an incoming wind direction. The plurality of yaw system components includes an auxiliary power supply comprising a brake power control device, a braking unit coupled to the brake power control device, at least two energy storage devices coupled to the braking unit, a plurality of yaw drive mechanisms communicatively coupled to the auxiliary power supply via a communication link, and a controller configured to implement a protective control strategy for the yaw system in response to one of the yaw system components experiencing a failure. Each of the yaw drive mechanisms includes a yaw power control device.