I. Introduction
Voltage Source Converter (VSC) based High Voltage Direct Current (HVDC) transmission is a promising solution for future smart grid which would integrate a great amount of renewable energy sources to the existing grids. For VSC-HVDC, compared to the conventional two level or three level converters, a Modular Multilevel Converter (MMC) is a competitive candidate and is attracting worldwide attention [1]–[3]. MMC presents many advantages such as very low harmonics, low dv/dt, modularity and simple scaling, no necessity of series connection of power semiconductors, and DC bus capacitor elimination [4]–[6], etc.