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This paper presents a virtual inertia and mechanical power-based control strategy to provide a stable operation of the power grid under high penetration of renewable energy sources (RESs). The proposed control technique is based on a new active and reactive power-based dynamic model with the permanent magnet synchronous generator (PMSG) swing equation, in which all PMSG features i.e., inertia and mechanical power are embedded within the controller as the main contribution of this paper. To present an accurate analysis of the virtual PMSG-based parameters, the desired zero dynamics of the grid angular frequency are considered to evaluate the effects of virtual mechanical power (VMP) on the active and reactive power sharing, as well as the investigation of virtual inertia variations for the grid angular frequency responses. Moreover, by considering various active power errors and virtual inertia, the impacts of active power error on reactive power in the proposed control technique, are precisely assessed. Simulation results are employed in Matlab/Simulink software to verify the stabilizing abilities of the proposed control technique. [ABSTRACT FROM AUTHOR]