This article proposes coordinated model predictive control (MPC) techniques for a DC-coupled hybrid microgrid system with solar photovoltaic and wind generated system. To achieve optimum power generation in the microgrid, the finite-control-set MPC (FCS-MPC) controls both PV-wind generated power using a DC-DC converter and a controlled rectifier. The mathematical formulation of the proposed hybrid microgrid system is described, and maximum power point tracking is employed to guarantee that the grid receives the maximum power. Furthermore, the 3-Փ bidirectional two-level inverter is connected between the DC-bus and AC grid which is controlled by the grid side FCS-MPC controller. The FCS-MPC is used in all system control parts, eliminating the use of four proportional controllers (PI) and giving a better dynamic response. Additionally, the outcomes are evaluated in comparison to current techniques. The proposed power management technique is also based on the relationship between the overall demand and the produced power provided by both WDG and PV sources. Due to the unpredictability of the sources, several scenarios, including (i) Fixed radiation and fixed wind speed, (ii) Wind speed variation and constant radiation, and (iii) Changing solar radiation and steady wind speed, are considered to validate the performance of the proposed scheme. The findings are then discussed.