This paper concerns the development and analysis of multigeneration systems based on hybrid sources such as biomass and wind. Industry requires different types of sources to provide several outputs, so the goal of this research was to fulfill the industrial requirement with optimization. The multigeneration cycle supplies enough power to satiate energy demands, i.e., power, cooling, hydrogen, air conditioning, freshwater, hot water, and heating. For this, the multigeneration cycle was modeled in the Engineering Equation Solver (EES) and Simulink to obtain optimized results for the industry. Energy and exergy for the multigeneration cycle were determined to assess the performance of the cycle and to investigate the optimized results for the overall system. This study shows that for configuration selection and design, different thermodynamic, economic, and environmental aspects should be considered. Based on the results, the selection of the best location for this multigeneration system was made. Power output from the wind turbine was around 7 MW and from biogas 0.6 MW. The overall exergy efficiency of the multigeneration system was found to be 0.1401.