a little hard to see the picture with all the wires.
1. The plastic plug goes into the side of the alternator, make sure you insert it the correct way the wire with the 12v reading goes to #2 the wire with the very low voltage reading goes to #1.
2. The other heavy wire with a 12v reading goes to the post on the back of the alternator.
3. The remaining wire should be a ground and should screw into a hole in the back of the alternator with a bolt.
I'm assuming you do not have external regulator, you didnt provide the year of the car.