A converter module for power converter stations includes a first terminal for input/output of an electrical current to the converter module via a first connection line, a second terminal for output/input of the current from the converter module via a second connection line, and a by-pass switch connected between the first terminal and the second terminal. The converter module further includes a first switching module and a second switching module connected in series via a first node connected to either one of the first terminal and the second terminal and at least two capacitor units. The first switching module includes two switching devices and the second switching module is connected between the first node and a second node. In the converter module, a first capacitor unit is connected from the second node to a first switching device of the first switching module and a second capacitor unit is connected from the second node to a second switching device of the first switching module to form two separate current paths between the first node and the second node. Accordingly, a reduction of the energy discharge is obtained upon failure of one or more of the switching devices or modules.