AbstractThis study explores the optimal balance between grid‐forming (GFM) and grid‐following (GFL) converter capacities within power stations to ensure stable operations. The investigation introduces a novel, generic modelling approach for analysing multiple converter systems in the wind and photovoltaic power plants. The method aims to elucidate the dynamic characteristics of the converters in power plants, particularly focusing on the continuity and existence of the equilibrium manifolds and their impact on system stability. Findings reveal a pronounced difference in the recovery capabilities of GFM and GFL following synchronization losses, highlighting an asymmetry in their abilities. Specifically, GFL converters exhibit more effectiveness in reinstating synchrony after synchronization losses caused by GFM. Conversely, GFM demonstrates a lesser capacity to recover from synchronization losses induced by GFL. Furthermore, analysis indicates that when the capacity ratio of GFL to the system's short‐circuit capacity significantly exceeds that of GFM (exceeding a 1:5 ratio), the system experiences an absence of a stable equilibrium point, thereby affecting the synchronization stability of GFM. These conclusions have been validated through joint controller hardware‐in‐the‐loop testing.