In an inverter and a method for operating an inverter, the inverter includes a step-up converter circuit, a dynamic intermediate circuit, and a step-down converter circuit for converting a direct voltage of a direct voltage generator or string into an alternating voltage for supplying a network. The step-up converter circuit increases the direct voltage if the latter is lower than a peak-to-peak maximum of the network voltage, and the step-down converter circuit lowers a dynamic intermediate circuit voltage, as needed, to a lower voltage currently required in the network. The step-up converter circuit dynamically increases the direct voltage to the value currently required in the network and in the process temporarily supplies an approximately sinusoidal voltage curve for the intermediate circuit voltage.