Taking a wind farm in the Qinghai–Tibet Plateau as the experimental site, the ZephiR Dual Mode (ZDM) LiDAR and ground-based laser LiDAR were used to scan the incoming flow and wake of the wind turbine separately. Based on wavelet analysis, the experimental study was conducted on the influence of different incoming wind speeds on the power and wake of the wind turbine. It is found that the incoming wind speeds have a great influence on the wind turbine power, and the fluctuation frequency of the wind speed is obviously higher than that of the power, that is, the scale effects of turbulence are magnified. The rotation of the wind wheel can accelerate the collapse of the large-scale turbulent structures of the incoming flow, and large-scale vortices continue to collapse into small-scale vortices, that is, the energy cascade evolution occurs. And in the wake diffusion process, the dissipation degree of the upper blade tip vortex is greater than that of the lower blade tip vortex caused by the rotation of the wind turbine. Under the same incoming flow conditions, due to the influence of tower and ground turbulence structure, the energy level connection phenomenon of the measuring points below the hub height is stronger than that above the hub height, and it weakens with the increase of the measuring distance. That is, the energy cascade of the measuring points below the hub height at 1.5 D (D is the diameter of the wind wheel) of the wake is weaker than that at 1 D of the wake. With the increase of the measuring distance of the wake, the influx of the external flow field further aggravates the momentum exchange and energy transport between the vortex clusters, that is, the influence of the external flow field gradually increases in the wake vortex pulsation.