This paper proposes a high-efficiency DC-DC converter with improved dynamic response characteristics for modular photovoltaic power conversion. High power efficiency is achieved by reducing switching power losses of the DC-DC converter. The voltage stress of power switches is reduced at primary side. Zero-current switching of output diodes is achieved at secondary side. A modified proportional and integral controller is suggested to improve the dynamic responses of the DC-DC converter. The performance of the proposed converter is verified based on a 200 [W] modular power conversion system including the grid-tied DC-AC inverter. The proposed DC-DC converter achieves the efficiency of 97.9 % at 60 [V] input voltage for a 200 [W] output power. The overall system including DC-DC converter and DC-AC inverter achieves the efficiency of 93.0 % when 200 [W] power is supplied into the grid.