Synchronization is one of the key issues in three-phase AC power systems. Its characteristics have been dramatically changed with the large-scale integration of power-electronic-based renewable energy, mainly including a permanent magnetic synchronous generator (PMSG) and a double-fed induction generator (DFIG) for wind energy and a photovoltaic (PV) generator for solar energy. In this paper, we review recent progresses on the synchronization stability and multi-timescale properties of the renewable-dominated power system (RDPS), from nodes and network perspectives. All PMSG, DFIG, and PV are studied. In the traditional synchronous generator (SG) dominated power system, its dynamics can be described by the differential–algebraic equations (DAEs), where the dynamic apparatuses are modeled by differential equations and the stationary networks are described by algebraic equations. Unlike the single electromechanical timescale and DAE description for the SG-dominated power system, the RDPS dynamics should be described by the multiscale dynamics of both nodes and networks. For three different timescales, including the AC current control, DC voltage control, and rotor electromechanical timescales, their corresponding models are well established. In addition, for the multiscale network dynamics, the dynamical network within the AC current control timescale, which should be described by differential equations, can also be simplified as algebraic equations. Thus, the RDPS dynamics can be put into a similar DAE diagram for each timescale to the traditional power system dynamics, with which most of power electrical engineers are familiar. It is also found that the phase-locked loop for synchronization plays a crucial role in the whole system dynamics. The differences in the synchronization and multiscale characteristics between the traditional power system and the RDPS are well uncovered and summarized. Therefore, the merit of this paper is to establish a basic physical picture for the stability mechanism in the RDPS, which still lacks systematic studies and is controversial in the field of electrical power engineering.