In this study, the dynamic response of a multiconnected floating solar panel system with a vertical pontoon were studied under various scenarios. First, a floating solar panel pontoon is modeled by combining nine single-unit vertical cylinders (arranged in parallel, horizontally and vertically, 3 m apart from each other). Each cylinder will be considered a rigid body, and they are connected to each other with a frame, so that they can oscillate together. Each floating solar panel pontoon was connected to a steel pipe, and a hinged connector was attached to the connecting point of each steel pipe, while it was fixed at each pontoon. In this study, as a floating solar panel system, a 10 × 10 system was adopted at a water depth of 50 m. Furthermore, a catenary mooring system with steel wire rope was installed to enhance its station-keeping capability. As an environmental load, wave excitation force, under normal operating and extreme conditions, was considered. To confirm the dynamic behavior of the system, a connector boundary condition sensitivity test was conducted under a 0° heading (west to east). It has been proven that an unexpected dynamic response along the sway, roll, and yaw directions is observed in the hinged connector case, due to the second generated moment caused by the movement of the facilities. Furthermore, judging from extreme simulation results, the larger the external environmental loading, the greater the dynamic response of the system, due to amplified wave excitation forces. Finally, under the multiple mooring line failure scenario, the dynamic response of the system is significantly amplified, due to the loss of mooring tension, except for the roll response.