A wave power converter for converting energy from waves including a wave power converter housing with a bottom and a top between which there is a distance limiting structure, and through which there is a central axis, and wherein entirely or partially outside the wave power converter housing there is at least one preferably elongated paddle having a longitudinal direction of a first generatrix and a lower end and an upper end, and which via a first connection to a first power converter with a rotary axis at an angle, preferably at right angles, to the central axis and fastened to the wave power converter housing at the top is provided.