The invention discloses an outdoor electrical control cabinet with dehumidifying and cooling functions, and a control method therefor. A dehumidifying and cooling apparatus equipped with a condensing and water-collecting assembly and a semiconductor refrigerating part is provided for performing dehumidifying and cooling on the interior of the control cabinet, and discharging condensed water out of the cabinet so as to avoid influence from tropical island weather on the electrical control cabinet installed outdoors, and to solve the problems that an internal PCB, a circuit board, an electronic clamp part, a CPU and the like suffer from moisture, corrosion, breakdown, damage and the like; therefore, constant-temperature and stable operation of the electrical control cabinet is ensured, thereby satisfying requirements of tropical island plant establishment and normal operation; in addition, solar energy power generation can be performed automatically according to solar intensity; and the electrical cabinet can be subjected to grid connection with the mains supply for realizing power supply, so that the dehumidifying and cooling functions are improved, and automatic regulation is achieved according to weather changes.