Abstract: A wave panel assembly (10) for a wave en-ergy extracting apparatus, comprising a base member (12) configured to be anchored to the bottom (14) of a water basin, and a wave panel (20) pivotably connected to the base member at a first lower end (22) of the wave panel by means of a pivot connection (16). The wave panel is configured to perform a reciprocating movement in relation to a pivoting axis of the pivot connection when the wave panel is located in water and is subjected to the influence of moving water, and the wave panel has a first side surface (24) configured to face away from the direction of movement W of the moving water and a second side surface (26) configured to face towards the direction W of movement of the moving water. The wave panel (20) is provided with a float member (18) arranged at the first side surface (24) of the wave panel, in a position between the first lower end (22) and a second top end (23) of the wave panel.