A 3-level power conversion circuit, including a high potential terminal configured to receive a high potential from a direct current (DC) power source, a low potential terminal configured to receive a low potential from the DC power source, an intermediate potential terminal configured to receive an intermediate potential from the DC power source, and an alternating current (AC) terminal configured to output an AC, the 3-level power conversion circuit being configured to perform power conversion between the high, low and intermediate potential terminals and the AC terminal. The 3-level power conversion circuit further includes a switching element and a diode connected in series between the intermediate potential terminal and the AC terminal, where the diode, but not the semiconductor switching element, includes a wideband gap semiconductor, and an ampacity of the switching element is greater than an ampacity of the diode.