In this paper, a new 5G Passive Optical Network (5G-PON) employing all-optical orthogonal frequency division multiplexing (AO-OFDM) is proposed in hybrid bidirectional standard single mode fiber (SSMF)/free space optical (FSO). Additionally, an optical frequency generator (OFG) source is utilized. The proposed model is simulated using VPI photonics software. Analytical modeling and simulations have been conducted for a new approach to generate OFG by cascaded two-frequency modulators and one electro-absorption modulator. A sinusoidal RF signal source is utilized to drive all these modulators. The results reveal that 64 optical multiplexed carriers with a frequency spacing of 30 GHz are generated. These optical carriers have power variations of < 1 dB. Moreover, the center wavelength of the generated OFG can be tuned from 1300 nm for upstream transmission to 1577 nm for downstream transmission in the proposed 5G-PON. The proposed network achieves 960 Gbps and 10 Gbps for the downstream and upstream directions, respectively, under different turbulence effects. Furthermore, when 32 AO-OFDM channels are used, the simulation results show that the proposed model can achieve a SSMF length and FSO propagation ranges of 20 km and 2 km, respectively, with bit error rate (BER) ( < 10 - 3 ). [ABSTRACT FROM AUTHOR]