The microarch is closed and IBM-specific. However, the ISA is open and royalty-free, and the on-chip firmware is open source and you can build it yourself. In this sense it's at least as open as, say, many RISC-V implementations.
That's another difference: there are actually retail channels for new POWER9 chips. I bought at least one of mine that way.
You can certainly get Power cores with the VHDL and everything; the most notable of these is Microwatt, and IBM even maintains it. There are also A2O and A2I.
That said, I don't think it's reasonable to expect that a company that put R&D money into designing a high performance chip should give away the store. There has to be some incentive. I'm satisfied that I don't have any unexplained or opaque firmware blobs in my POWER9 chips and the ISA and its internal workings are well-documented. That was good enough for the FSF, and it's good enough for me.
The microarch is closed and IBM-specific. However, the ISA is open and royalty-free, and the on-chip firmware is open source and you can build it yourself. In this sense it's at least as open as, say, many RISC-V implementations.