The invention relates to a water power regeneration generator set which comprises a generator, water turbines and water turbine supports, wherein each water turbine is composed of two water wheel positioning rings, a plurality of water wheel paddle boards, water wheel outer gear rings and water wheel shafts, wherein the water wheel positioning rings are fixed on the water wheel shafts; the plurality of water wheel paddle boards are uniformly distributed between the two water wheel positioning rings; the water wheel outer gear rings are fixed on the water wheel positioning rings; the water turbines are respectively installed in the semicircular water wheel positioning convex-edged grooves of two water turbine supports by virtue of the water wheel positioning rings at two sides; the water turbines are supported on the two water turbine supports by virtue of bearing seats and bearings at two ends; the generator is fixed on one of the water turbine supports; the input shaft of the generator is provided with a generator driving gear; the generator driving gear is meshed with the water wheel outer gear rings, thus a unit generator set is formed; and a plurality of unit generator sets are arranged along a river, thus the water power regeneration generator set can be formed. The water power regeneration generator set provided by the invention has the advantages of less investment, rapid effectiveness, changeable size of scale, no water resource consumption, no pollution, low cost and good economic effect; the transverse power of water flow can be fully utilized, the natural power of water flow can be regenerated multiple times, and can be expanded limitlessly downstream and constructed by stages.