The world’s demand for electricity will double by 2050. Despite its high potential as an eco-friendly technology for generating electricity, solar energy only covers a small percentage of the global demand. One of the challenges is associated with the sustainable use of land resources. Floating PV (FPV) plants on water bodies such as a dam, reservoir, canal, etc. are being increasingly developed worldwide as an alternative choice. In this background, the purpose of this research is to provide an outline of the hybrid floating solar system, which can be used to generate renewable energy. The hybrid technologies discussed include: FPV + hydro systems, FPV + pumped hydro, FPV + wave energy converter, FPV + solar tree, FPV + tracking, FPV + conventional power, FPV + hydrogen. The review also summarizes the key benefits and constraints of floating solar PV (FPV) in hybrid operation. Among the various hybrid FPV technologies, with solar input and hydro energy were among the most promising methods that could be potentially used for efficient power generation. The valuable concepts presented in this work provide a better understanding and may ignite sustainable hybrid floating installations for socio-economic growth with less environmental impact.