The wave energy devices currently in operation in the United Kingdom and India and those that are to be built in Europe are based on the principle of the oscillating water-air column. In these devices the pneumatic energy of the oscillating air column is converted to mechanical energy of rotation by a Wells turbine. A monoplane (single plane) Wells turbine can absorb only a certain maximum pneumatic pressure amplitude due to tip speed limitations. For wave energy devices which produce large amplitudes of pneumatic pressure a biplane Wells turbine with or without guide vanes can be used. The prediction methods currently available and parameters controlling the aerodynamic performance of the Wells turbines are reviewed. Some novel techniques to improve the performance of Wells turbine are suggested.