This study examines the impact of the spacing parameter on the efficacy of an array of hybrid modules functioning as both floating breakwaters and wave energy converters. The dual functionality is ensured by the ability of the device to autoadjust its submergence. The behavior of multiple 1:40 scaled modules was tested in the wave tank of the University of Campania “Luigi Vanvitelli”. The objective was to assess the hydraulic performance of the array by analyzing transmission, reflection, and dissipation coefficients under different wave conditions. Specifically, the transmission coefficient ranges between 0.85 and 0.51, depending on the relative wavelength and wave steepness, while the reflection and dissipation coefficients vary, respectively, between 0.70–0.20 and 0.55–0.3. In any case, the results underscore the critical importance of the spacing parameter.