In compliance with the green energy policy, mitigation from high fossil fuel dependency is becoming a new objective for most countries, including Malaysia. Wave energy is among extensively explored renewable energy relatively clean, sustainable, and inexhaustible resources. To this day, neither definite wave energy technology nor widely available commercial wave farm supplying the grid has existed. Therefore, wave energy harvesting is the most compelling solution, especially in regions where the possibility of grid connection is low in the nearest future. Like other renewable energy, the voltage amplitude and frequency generated from waves are unstable and may vary continuously. This uncertainty has created energy transfer challenges since the grid requires a stable and uninterrupted energy supply. Therefore, power electronics devices are employed to modulate the controller circuits' pulse width. Further understanding of the relationship between wave energy conversion technology and its power conversion, particularly for nearshore applications, is summarized. This work also discussed selected wave energy conversion research and power conversion system implemented and studied in Malaysia. Finally, this review can provide extensive overview and broad understanding into power conversion system for Wave Energy Conversion, especially for nearshore applications.