A wind-based power generating system provides a wind energy converter for converting wind energy into another form of energy using a lighter-than-air craft configured to produce a positive net lift. The net lift includes both a net aerodynamic lift and a net buoyant lift. A tethering mechanism is configured to restrain the lighter-than-air craft with respect to the ground. The lighter-than-air craft defines an interior volume for containing a lighter-than-air gas, and the lighter-than-air craft has a fore section and an aft section. The tethering system has at least one attachment point on the fore section of the lighter-than-air craft and at least one attachment point on the aft section of the lighter-than-air craft. The lighter-than-air craft provides a stable aerodynamic moment with respect to a yaw axis about a center-of-mass of the lighter-than-air craft. The craft can be formed in a variety of aerodynamic profiles/shapes.