Freddy said:
With the increase in non-synchronous generation
I suspect that you mean "Low Inertia Generation".
As far as I know, most commercial wind and solar installations are synchronous, but low inertia.
Capacitor banks, whether static or rotational, have been common for decades, possibly a century.
Utilities use capacitors to improve power factors and thus free up equipment capacity and to mitigate line voltage drop on long lines, both distribution and transmission.
One of the more interesting projects that I worked on many years ago was installing capacitors in series with a transmission line.
The power source (Hudson Hope) was a long way from the utilization area (Vancouver and the Lower Mainland).
There were two transmission lines and each line had two capacitor stations.
In this case, the series capacitance offset the series inductive reactance that is a characteristic of long transmission lines.
The lines in question were rated to carry 2000 Amps as I recall.
The transmission voltage is 500,000 Volts.
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Ohm's law
Not just a good idea;
It's the LAW!