Device for generating energy using the current of a river (2) or similar, which device (1) includes a paddlewheel (11) and at least one generator set (14) of which the drive shaft (17a) is coupled to the shaft (11) of the paddlewheel (10), characterized in that the paddlewheel (10) is self-floating and that the device (1) is provided with an at least partly submerged housing (3) with an open bottom (4) that is located at a height (A) above the bed (5) of the river (2), wherein the paddlewheel (10) is bearing mounted and of which the internal space (8) is pressurized to regulate the height of the water level (12) in the housing (3).