Air-conditioning apparatus

An air-conditioning apparatus, wherein

• a refrigeration cycle is configured by connecting:
• a compressor that pressurizes a refrigerant to be circulated;
• a refrigerant flow path switching apparatus to switch a circulation path of the refrigerant;
• a heat source side heat exchanger that exchanges heat between the air and the refrigerant;
• a plurality of expansion valves to adjust pressure of the refrigerant;
• and
• a plurality of intermediate heat exchangers to heat and cool a heat medium different from said refrigerant by exchanging heat between said refrigerant and said heat medium, by piping,
• a heat medium circuit is configured by connecting:
• said intermediate heat exchanger;
• a pump to make said heat medium related to the heat exchange of said plurality of intermediate heat exchangers circulate;
• a plurality of use side heat exchangers that exchange heat between said heat medium and the air in an air-conditioning object space;
• and
• heat medium flow path switching apparatus to switch a path of said heat medium heated or a path of said heat medium cooled by said intermediate heat exchanger to each use side heat exchanger, by piping, and
• a controller is provided that calculates a air-conditioning load applied to said intermediate heat exchanger or said use side heat exchanger and performs change processing of a control target value of a condensing temperature of the refrigerant passing through the intermediate heat exchanger that heats said heat medium and/or an evaporating temperature of the refrigerant passing through the intermediate heat exchanger that cools said heat medium.