AIR CONDITIONING APPARATUS

An air conditioning apparatus include an outdoor unit through which a refrigerant circulates, an indoor unit through which water circulates, a heat exchange device configured to connect the indoor unit to the outdoor unit, the heat exchange device being configured to perform heat exchange between the refrigerant and the water, and first to third outdoor unit connection pipes configured to connect the outdoor unit to the heat exchange device. The heat exchange device includes a first heat exchanger and a second heat exchanger, a first branch pipe and a second branch pipe, which are branched from the first outdoor unit connection pipe, a first valve provided in each of the first branch pipe and the second branch pipe, a third branch pipe and a fourth branch pipe, which are branched from the second outdoor unit connection pipe, a second valve provided in each of the third branch pipe and the fourth branch pipe, a first refrigerant pipe and a second refrigerant pipe, which are branched from the third outdoor unit connection pipe, a first expansion valve provided in the first refrigerant pipe, and a second expansion valve provided in the second refrigerant pipe.