A power conversion device includes: power conversion cells; and a controller to control the cells. Each cell includes: a transformer; a primary conversion unit on a primary side of the transformer; a secondary conversion unit on a secondary side; a primary bypass device for short-circuiting between input terminals of the cell; and a secondary bypass device for short-circuiting between output terminals of the cell. The input terminals and/or the output terminals of the cells are connected in series. When the primary conversion unit(s) of a part of the cells is stopped, the controller turns on the primary bypass device and sets secondary DC link voltages to prescribed values; and when the secondary conversion unit(s) of a part of the cells is stopped, the controller turns on the secondary bypass device and controls the primary conversions units to set primary DC link voltages to prescribed values.