In this paper, a new interleaved bidirectional buck-boost DC-DC converter is proposed. The input current of this converter is continuous and has a low ripple, that cause reduction in the size of the input filter of the converter. Because of these features, this converter is appropriate for renewable applications such as fuel cells and photovoltaic (PV) panels for obtaining maximum power in which the continuity of the input current is essential. The operation principle of this converter is detailed, and its power losses calculation shows the positive effects of the low input current ripple on its efficiency. The input current ripple of the proposed converter and conventional interleaved buck-boost converter has been calculated in detail. In addition, the comparison results of this converter with conventional interleaved buck-boost converters and other similar structures confirm that the proposed converter without utilizing extra components achieves continuous input current with low ripple. Compared with other buck-boost structures, the low input current ripple in the presented converter causes an improvement in its efficiency. An experimental prototype is implemented in the laboratory to confirm the correctness of theoretical analyses.