Greenhouse gas emissions into the atmosphere have had devastating environmental effects, including ozone depletion and global warming. Carbon dioxide (CO2) is widely used in oil and gas plants, the food industry, and as a working fluid in the power industry. Carbon dioxide is liquefied for long‐term storage, to be transported to remote areas, and is used for peak shaving in the power plants. Solar flat plate collectors and wasted heat from the CO2 liquefaction system can be used in power plant systems. Also, the use of nanoparticles in the collectors improves the thermal properties of the working fluid and increases the efficiency of solar collectors. This study has developed a new hybrid system for CO2 liquefaction using Linde–Hampson system, Kalina power generation unit, and flat plate solar collectors. The Linde–Hampson system's dissipated heat and solar collectors are used to supplying part of the power of the CO2 liquefaction system. The combined system produces 9416 kmol/h of liquid CO2 by absorbing 35.97 MW of power. The Kalina power generation unit provides 9.546 MW of power by absorbing 76.98 MW of the CO2 liquefaction cycle's dissipated heat and 91.18 MW from flat plate collectors. Based on the output of exergy assessment, exergy efficiency and exergy degradation of the developed integrated structure are 44.16% and 118.3 MW, respectively. Moreover, significant portions of exergy destruction in the combined process belong to solar collectors (74.68%), heat exchangers (12.47%), and compressors (7.157%), respectively. The use of Al2O3 nanoparticles in pure water has been investigated for heat transfer in flat panel solar collectors. According to the sensitivity analysis results, as the volume ratio of particles in nanofluid increases to 6%, the production capacity of the Kalina cycle and exergy efficiency improves to 9.56 MW and 9.522%, respectively. Also, as the pressure of the pumped fluid in the Kalina cycle increases from 800 to 1600 kPa, the exergy yield of the Kalina cycle and the exergy yield of the whole combined system increase to 36.34% and 44.26%, respectively. [ABSTRACT FROM AUTHOR]