Hybrid power generation systems that combine more than one renewable resource type are a potential option to improve the capability of renewable power generation systems to meet network demands reliably. This increases the system complexity and cost, so this must be compensated by achieving correspondingly higher capacity factors to achieve similar financial performance to simpler systems. In the analysis undertaken, the hybrid systems developed were limited to combinations of biomass combustion and concentrated solar thermal technology for production of steam to feed a Rankine cycle turbine system. To ensure that resource availability was realistic in the study, biomass availability was based on 5 years of historical data for an existing biomass power generation site in Australia that currently has limited seasonal operations and matching solar data for the same location. A technoeconomic assessment was undertaken in parallel with optimization of plant configurations by inclusion of additional plant components and varying sizing. This included plant designs with different storage capacities, both thermal storage for solar energy and torrefaction char from short-term surpluses of biomass. Several system options were identified where financial performance matched the simple biomass combustion system, but with significant increases in capacity factor through hybridization.