In this study, exergy analysis, energy analysis, and mathematical modeling are performed in a 35 MW solar‐fossil fuel power plant. The losses of exergy and energy in different components and also changes of the efficiency of exergy and energy are analyzed at a specific day, 20th June. The assumed power plant in this study is Solar Electric Generating Station VI (SEGS VI), located in California's Mojave Desert. A parametric study, under different working conditions, including different working pressures, temperatures, collector output temperature, steam flow rate, and heat transfer fluid (HTF) flow rate is studied and the effect of variation of parameters on the performance of the plant is investigated. Authors found that, the maximum exergy loss happens in the collector and the maximum energy loss occurs in the condenser. Energy analysis shows that 47% of the total loss energy in the cycle happens in the condenser, as the main component that wastes energy. From exergy analysis, the collector and then boiler are the main components wasting exergy where 68.32% of total exergy loss occurs in these two components in hybrid mode (solar‐fossil fuel). Exergy and Energy efficiency variations throughout the day show that minimum exergy efficiency (32.7%) and maximum energy efficiency (23%) occurs at 12 am . Exergy efficiency variation versus turbine inlet pressure shows that the maximum exergy efficiency (26%) accure at 95 bar. The changes of the absorbed heat and solar irradiation of the 20th of June shows a good agreement with the measured data in validated reference.