An oil free screw compressor having a low-pressure stage compressor body and a high-pressure stage compressor body. Power of a motor driven by an inverter is transmitted to the compressor bodies through gears. A low-pressure stage blow-off two-way valve is provided in a pipe branching off midway an air pipe connecting between the high-pressure stage compressor body and the low-pressure stage compressor body, and a high-pressure stage blow-off two-way valve is provided in a pipe branching off from a discharge air pipe provided on a discharge side of the high-pressure stage compressor body. During no-load operation, a controller gives a command to the inverter to make the rotational speed of the motor a set lower limit rotational speed, and also gives an open command to the low-pressure stage blow-off two-way valve.