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Reduced matrix converter (RMC) is a convenient topology for offshore wind farm due to its potential to reduce the size and weight of the converter, to improve the reliability by removing the electrolytic capacitor, and to increase the efficiency inherent to less stages of conversion. Moreover, it is a very flexible topology which permits different types of operation with a simpler modulation compared with conventional three-phase matrix converter. This paper investigates different modulation strategies applied to RMC for offshore wind farms, focused on efficiency improvement of the entire convention system. Simulation results using a detailed loss model for high-power level are presented. Four cases are investigated according to the modulation strategies (space vector modulation and carrier-based modulation) and the operation principle (current source converter or voltage source converter). Losses in the clamp circuit are also calculated. Different wind velocities are considered in the simulations. Results show that current source operation with space vector modulation presents minimum losses at nominal wind velocity. This operation is suitable for series connection of offshore wind farms which has been reported as the most efficient alternative from the grid losses point of view.