A novel dynamic co-simulation methodology of overall wind turbine systems is presented. This methodology combines aerodynamics, mechanism dynamics, control system dynamics, and subsystems dynamics. Aerodynamics and turbine properties were modeled in FAST (Fatigue, Aerodynamic, Structures, and Turbulence), and ADAMS (Automatic Dynamic Analysis of Mechanical Systems) performed the mechanism dynamics; control system dynamics and subsystem dynamics such as generator, pitch control system, and yaw control system were modeled and built in MATLAB/SIMULINK. Thus, this comprehensive integration of methodology expands both the flexibility and controllability of wind turbines. The dynamic variations of blades, rotor dynamic response, and tower vibration can be performed under different inputs of wind profile, and the control strategies can be verified in the different closed loop simulation. Besides, the dynamic simulation results are compared with the measuring results of SCADA (Supervisory Control and Data Acquisition) of a 2 MW wind turbine for ensuring the novel dynamic co-simulation methodology.