This paper presents a comprehensive study on the state-of-the-art and emerging wind energy technologies from the electrical engineering perspective. In an attempt to decrease cost of energy, increase the wind energy conversion efficiency, reliability, power density, and comply with the stringent grid codes, the electric generators and power electronic converters have emerged in a rigorous manner. From the market based survey, the most successful generator-converter configurations are addressed along with few promising topologies available in the literature. The back-to-back connected converters, passive generator-side converters, converters for multiphase generators, and converters without intermediate dc-link are investigated for high-power wind energy conversion systems (WECS), and presented in low and medium voltage category. The onshore and offshore wind farm configurations are analyzed with respect to the series/parallel connection of wind turbine ac/dc output terminals, and high voltage ac/dc transmission. The fault-ride through compliance methods used in the induction and synchronous generator based WECS are also discussed. The past, present and future trends in megawatt WECS are reviewed in terms of mechanical and electrical technologies, integration to power systems, and control theory. The important survey results, and technical merits and demerits of various WECS electrical systems are summarized by tables. The list of current and future wind turbines are also provided along with technical details.