The invention relates to an integrated device and method for generating power by utilizing tail plate opening and closing and impeller rotation vibration suppression. The device is composed of a sleeve main body module, a side wing rotating module and a tail swinging module. The sleeve main body module comprises a rotating bearing, a sleeve and a sleeve tail connecting shaft; the side wing rotating module comprises a power generation impeller, an arc-shaped magnet, a power generation coil and an impeller fixing shaft; and the tail swinging module comprises a front embedded magnet opening tail plate, a rear embedded magnet opening tail plate, a wire winding plate, a meshing gear, a rotating plate shaft and a tail plate connecting piece. Under the combined action that the side wing power generation impeller rotates to disturb a streaming boundary layer, a sleeve discharge outlet sprays outflow, and the tail swinging module is opened and closed in a reciprocating mode to swing to damage a tail vortex street, vortex-induced vibration suppression without energy consumption is achieved; and meanwhile, an induction wire cuts a magnetic induction line to generate current and supplies the current to a vibration monitoring device, and conversion and utilization of ocean current energy are achieved while vortex-induced vibration is suppressed.