The floating PV generation structure installed on the surface of water has been recently issued as a representative items for the low carbon and green growth campaign. Moreover, the studies and developments for the structure and construction improvements of floating PV generation structure have been in progress. For example, in the previous research, the floating PV generation structure consisted of pultruded FRP and SMC FRP members is suggested. In this study, we conduct the analytical and experimental studies for estimating the structural characteristics of SMC FRP vertical members. From the analytical and experimental results, it is found that SMC FRP vertical members used for floating PV generation structure have sufficient structural safety and stability.