An improved tidal and river energy converter having a semi-submerged device designed to harvest energy from the tidal and river sites. Each device is connected to other like devices to form an interconnected array of tidal and river energy devices that are anchored to the shore at right angles to the prevailing tidal and river current. Each device is composed of a supporting floatation hull attached to a submerged strut supporting an air compressor driven by a slow rotating propeller. The air compressor is connected through a streamlined mooring system to the other air compressors in the array and those in turn are connected to a high pressure line leading underwater to an onshore air turbine electric generator connected to the local power grid.