Global concern on extreme events is increasing the need for real time monitoring of the wave fields in coastal areas. High Frequency (HF) radars, a remote sensing technology widely applied to measure near real time surface coastal currents with demonstrated accuracy, can also play a major role in the operational monitoring of waves height, period and direction. However, the ability of HF radar to measure waves can be jeopardized by specific ocean-meteorological and environmental conditions. Thus, a case-to-case analysis and parameterization is necessary to ensure the best data in each study area. In the southeastern (SE) Bay of Biscay, the EuskOOS HF radar network, composed by two compact HF radar stations provides hourly surface waves data in near real time. In this work, we analyze the effects of wind and noise levels on the radar skills for wave measurement, compared with existing in-situ data obtained by an offshore buoy. Then, the HF radar wave measurements for 2022 are analyzed with special focus on the most energetic observed wave events. The analysis performed versus in-situ data shows that both stations present reliable and accurate data for waves over 1.5 m, in agreement to what can be expected for a 4.46 MHz radar. The highest correlations are observed for waves > 4 m significant wave height, which demonstrates the capabilities for monitoring highly energetic events. Interference and noise detected on very precise time slots significantly reduced the availability and reliability of the measurements. Also, local winds blowing from land direction were found to affect the agreement between radar and in-situ measurements. Recommendations extracted from the analysis are provided, with the aim that they can be extended to other HF networks for more accurate wave monitoring.