A power conversion device includes a conversion circuit constituted of a plurality of arm circuits and a bypass circuit. The bypass circuit includes a full-wave rectification circuit, a positive-side connection arm, and a negative-side connection arm. The full-wave rectification circuit is connected between a plurality of AC connections, a positive-side intermediate node, and a negative-side intermediate node, and configured to convert AC voltages generated at the plurality of AC connections into a DC voltage across the positive-side intermediate node and the negative-side intermediate node and output the DC voltage. The positive-side connection arm blocks a current in a direction from a positive-side DC terminal toward the positive-side intermediate node. The negative-side connection arm is connected between the negative-side intermediate node and a negative-side DC terminal and blocks a current in a direction from the negative-side intermediate node toward a negative-side DC terminal.