Power extension of grid to isolated regions is associated with technical and economical issues. It has encouraged exploration and exploitation of decentralized power generation using renewable energy sources (RES). RES based power generation involves uncertain availability of power source round the clock. This problem has been overcome to certain extent by installing appropriate integrated energy storage unit (ESU). This paper presents technical review of hybrid wind and photovoltaic (PV) generation in standalone mode. Associated components like converters, storage unit, controllers, and optimization techniques affect overall generation. Wind and PV energy are readily available, omnipresent, and expected to contribute major future energy market. It can serve to overcome global warming problem arising due to emissions in fossil fuel based thermal generation units. This paper includes the study of progressive development of standalone renewable generation units based on wind and PV microgrids.