System for power generation from a flow of fluid, comprising a fluid driven device connected to a tether wherein the tether is coupled with a base station to convert energy from the flow of fluid into transportable energy, wherein the fluid driven device comprises a frame provided with adjustable vanes, and wherein the vanes are adjustable for setting into a predefine position relative to the flow of fluid. The fluid driven device comprises a working mode and a retraction mode, wherein in the working mode the vanes are set in a first predetermined position to generate a lift force from the flow of fluid, and wherein in the retraction mode the vanes are set in a second predetermined position to provide a low drag level to the flow of fluid, and wherein the work performed during working mode is larger than the work supplied during retraction mode.