This document provides a theoretical investigation of a solar energy driven combined power and refrigeration cycle that uses oil as the heat transfer medium. The cycle integrates a Rankine cycle for power production and an ejector refrigeration cycle for cold production. Thermodynamic analyses of the cycle were conducted to determine first law efficiency of 20% and second law efficiency of 11%. Key cycle components include a heliostat field, central receiver, heat recovery steam generator, turbine, evaporator, condenser and ejector. Effects of parameters such as steam temperature and evaporator temperature on cycle performance were examined.