The paper presents a novel circuit topology of a high efficiency single-phase sinewave power conditioning and processing converter with a DC-link chemical capacitor. This power conditioner, used as a small scale stand-alone new-energy related power generation system, is composed of time-sharing operated sinewave absolute modulation boost chopper with a bypass diode in the first power processing stage and cascaded with a time-sharing sinewave pulse modulated full-bridge inverter as a second power processing stage operated by time-sharing dual mode pulse pattern control scheme. The unique operating principle of the power processing stage with the time-sharing dual mode sinewave modulation scheme is described with a simple design example. The paper provides and describes also a sinewave tracking voltage controlled soft switching PWM boost chopper with a passive auxiliary edge-resonant snubber. The new conceptual operating principle and the effectiveness of this novel one stage sinewave power conditioner related to new-energy generation system is reviewed through the experimental results.