Solar and wind power systems have been prime solutions to the challenges centered on reliable power supply, sustainability, and energy costs for several years. However, there are still various challenges in these renewable industries, especially regarding limited peak periods. Solar−wind hybrid technology introduced to mitigate these setbacks has significant drawbacks and suffers from low adoption rates in many geographies. Hence, it is essential to investigate the challenges faced with these technologies and analyze the viable solutions proposed. This work examined solar−wind hybrid plants’ economic and technical opportunities and challenges. In the present work, the pressing challenges solar−wind hybrids face were detailed through extensive case studies, the case study of enabling policies in India, and overproduction in Germany. Presently, the principal challenges of solar−wind hybrids are overproduction, enabling policies, and electricity storage. This review highlights specific, viable, proposed solutions to these problems. As already recorded in the literature, it was discovered that academic research in this space focuses majorly on the techno-economic and seemingly theoretical aspects of these hybrid systems. In contrast, reports and publications from original equipment manufacturers (OEMs) and engineering, procurement, and construction engineers (EPCs) are more rounded, featuring real-life application and implementation.