In contrast to ordinary solid-state solar cells, a flexible, elastic, extensible and light-weight solar cell has the potential to be extremely useful in many new engineering applications, such as in the field of robotics. Therefore, we propose a new type of artificial skin for humanoid robots with hybrid functions, which we have termed hybrid skin (H-Skin). To realize the fabrication of such a solar cell, we have continued to utilize the principles of ordinary solid-state wet-type or dye-sensitized solar rubber as a follow-up study to the first report. In the first report, we dealt with both photovoltaic- and piezo-effects for dry-type magnetic compound fluid (MCF) rubber solar cells, which were generated because the polyisoprene, oleic acid of the magnetic fluid (MF), and water served as p- and n- semiconductors. In the present report, we deal with wet-type MCF rubber solar cells by using sensitized dyes and electrolytes. Photoreactions generated through the synthesis of these components were investigated by an experiment using irradiation with visible and ultraviolet light. In addition, magnetic clusters were formed by the aggregation of Fe3O4 in the MF and the metal particles created the hetero-junction structure of the semiconductors. In the MCF rubber solar cell, both photo- and piezo-electricity were generated using a physical model. The effects of tension and compression on their electrical properties were evaluated. Finally, we experimentally demonstrated the effect of the distance between the electrodes of the solar cell on photoelectricity and built-in electricity.