A first circuit generates a first sequence of square wave voltages having a voltage level that changes to a positive side relative to a first reference potential, which is a potential on a negative-electrode side of a direct current power source, from a direct current voltage. A second circuit generates a second sequence of square wave voltages having a voltage level lower than the voltage level of the first sequence of square wave voltages on the positive side that changes to a negative side relative to a second reference potential. The second chopper circuit further generates a third sequence of square wave voltages having a voltage level that changes to the positive and negative side in turns in the manner of sinusoidal wave relative to the first reference potential by summing the first sequence of square wave voltages and the second sequence of square wave voltages. A third circuit outputs the third sequence of square wave voltages as a charge/discharge output. The third circuit further PWM-controls the charge/discharge output so that a difference of the third sequence of square wave voltages to a sinusoidal wave voltage is corrected and thereby generates a sinusoidal wave voltage that continuously changes to the positive and negative sides relative to the first reference potential from the third sequence of square wave voltages and the PWM-controlled output, and outputs the generated sinusoidal wave voltage to a load.