A wave energy converter (10) is capable of floating on a body of water (BW), moving in response to waves (W) occurring in the body of water (BW), and includes a hull (12) connected to a heave plate (14). The wave energy converter (10) is characterized in that the hull (12) is formed from reinforced concrete, a plurality of connecting tendons (16) extend between the hull (12) and the heave plate (14), and a power take off (66) is attached to each connecting tendon (16).