In this paper, a risk assessment method is proposed for AC/DC hybrid systems with renewables penetration, considering the effect of renewables penetration and the application of DC transmission. The sequential Monte Carlo method is introduced to simulate the output of renewables generators, and the unified iterative method is used to solve the problem of AC/DC hybrid system power flow calculation. By establishing the quantized risk assessment indices, the risk of AC/DC hybrid systems with renewables penetration can be analysed. The results of EPRI of China 6-machine-22-bus Test case show that the proposed method can effectively evaluate the risk level of AC/DC hybrid systems with renewable energy penetration and provide reference for power grid planning and the actual operation in advance.