In a self-excited generator 1 including an automatic voltage regulator (AVR) 10, a condensive load protection device includes: a field current control driver 21 which is connected to the field winding 6 in series and controlled to be ON/OFF by a drive circuit 23 of the AVR 10 to supply a field current to the field winding 6; and a condensive load protecting rotor short-circuit driver 22 which is connected in parallel to the field winding 6, and supplies a short-circuit current to the field winding 6 by being turned ON, and a bootstrap circuit 30 is connected as a drive power supply of the field current control driver and the condensive load protecting rotor short-circuit driver, and the bootstrap circuit 30 includes a capacitance portion 32 in which charges are accumulated when the field current control driver 21 is ON.