A device for converting wave energy into electricity, said device comprising: a buoy enclosing a pendulum and a generator, said pendulum configured to rotate under the influence of wave motion; a plurality of fins extending from a bottom surface of said buoy engaging the medium in which said waves are formed so as to allow said pendulum to rotate with respect to said buoy; a generator mechanism configured to operate in response to rotation of said pendulum, said generator mechanism comprising: a plurality of generators, each of said plurality of generators spaced about a central point of said pendulum and at least one of said plurality of generators operable in both the clockwise and counter-clockwise direction; and a means for tethering said buoy in a vicinity in said medium comprising: a tethering line extending between said buoy and a counterweight, said counterweight configured to apply a restoring force on said buoy to a central point in response to said buoy deviating from said central point, said central point defined along a vertical line between said buoy and said counterweight; and a restraining mechanism about said tethering line configured to allow said buoy to move laterally within a first defined area about said central point and allow said counterweight to move vertically within a second defined area about said central point. a buoy enclosing a pendulum and a generator, said pendulum configured to rotate under the influence of wave motion; a plurality of fins extending from a bottom surface of said buoy engaging the medium in which said waves are formed so as to allow said pendulum to rotate with respect to said buoy; a generator mechanism configured to operate in response to rotation of said pendulum, said generator mechanism comprising: a plurality of generators, each of said plurality of generators spaced about a central point of said pendulum and at least one of said plurality of generators operable in both the clockwise and counter-clockwise direction; and a plurality of generators, each of said plurality of generators spaced about a central point of said pendulum and at least one of said plurality of generators operable in both the clockwise and counter-clockwise direction; and a means for tethering said buoy in a vicinity in said medium comprising: a tethering line extending between said buoy and a counterweight, said counterweight configured to apply a restoring force on said buoy to a central point in response to said buoy deviating from said central point, said central point defined along a vertical line between said buoy and said counterweight; and a restraining mechanism about said tethering line configured to allow said buoy to move laterally within a first defined area about said central point and allow said counterweight to move vertically within a second defined area about said central point. a tethering line extending between said buoy and a counterweight, said counterweight configured to apply a restoring force on said buoy to a central point in response to said buoy deviating from said central point, said central point defined along a vertical line between said buoy and said counterweight; and a restraining mechanism about said tethering line configured to allow said buoy to move laterally within a first defined area about said central point and allow said counterweight to move vertically within a second defined area about said central point.