This power generation system is provided with: a gas turbine (11) having a compressor (21), a combustor (22) and a turbine (23); a first compressed air supply line (26) that supplies compressed air, which has been compressed by the compressor (21), to the combustor (22); a solid oxide fuel cell (SOFC) (13) having an air electrode and a fuel electrode; a compressed air supply device (61) capable of generating compressed air; and a second compressed air supply line (31) that supplies compressed air, which has been compressed by the compressed air supply device (61) to the SOFC (13). The fuel cell can thus be stably operated regardless of the operating state of the gas turbine.