The invention provides a stretchable wave energy power generation device, and belongs to the technical field of wave energy power generation equipment. The stretchable wave energy power generation device comprises a fixed column, an upper platform, a lower platform and a power generation device, wherein the upper platform is horizontally and fixedly arranged on the fixed column, the upper platformis provided with a first chain wheel, a second chain wheel, a first penetrating hole and a second penetrating hole; the lower platform is horizontally and fixedly arranged on the fixed column, the lower platform is provided with a third chain wheel and a fourth chain wheel, the top of the power generation device is provided with a chain, the free end of the chain sequentially penetrates through the first penetrating hole, the first chain wheel, the second chain wheel, the second penetrating hole, the fourth chain wheel and the third chain wheel, the end part of the chain is fixedly connectedto the bottom of the power generation device, the power generation device comprises two installation boxes, a stretchable power generation mechanism and a steering mechanism, the stretchable power generation mechanism can generate electricity by utilizing the horizontal impact of waves, and the steering mechanism can adjust the direction of the stretchable power generation mechanism, so that the stretchable power generation mechanism is facing the water flow direction. According to the stretchable wave energy power generation device, the wave energy can be reasonably and efficiently utilized,and the power generation capacity is improved.