A hybrid renewable energy source (HRES) consists of two or more renewable energy sources, such as wind turbines and photovoltaic systems, utilized together to provide increased system efficiency and improved stability in energy supply to a certain degree. The objective of this study is to present a comprehensive review of wind-solar HRES from the perspectives of power architectures, mathematical modeling, power electronic converter topologies, and design optimization algorithms. Since the uncertainty of HRES can be reduced further by including an energy storage system, this paper presents several hybrid energy storage system coupling technologies, highlighting their major advantages and disadvantages. Various HRES power converters and control strategies from the state-of-the-art have been discussed. Different types of energy source combinations, modeling, power converter architectures, sizing, and optimization techniques used in the existing HRES are reviewed in this work, which intends to serve as a comprehensive reference for researchers, engineers, and policymakers in this field. This article also discusses the technical challenges associated with HRES as well as the scope of future advances and research on HRES.INDEX TERMS Hybrid renewable energy sources, hybrid energy storage system, optimization, Power converter, photovoltaic power, wind turbine.