This is mostly wrong.
The voltage in isolation wasn't the problem, the way voltage interacts with frequency and phase in AC grid regulation made it a problem.
Voltage and frequency/phase are mostly separate phenomena in AC grids. The problem in Spain was that several large generators that were providing voltage regulation tripped offline, and then the remaining large generators failed to provide the amount of voltage regulation they were contracted for. This was at a time when the system was tending toward high voltage, but that (and the generator outages) were within the planned-for operating ranges. The system would have pulled through OK if the remaining gas, nuclear and hydro generators had provided the amount of voltage regulation they had offered and were being paid for. Without the required response, voltage rose too high and more generators and substations tripped offline, causing the blackout.
Shit started oscillating till the safety tripped.
There had been oscillations earlier in the day, but those have not been implicated in the collapse. They may have been involved in the initial generator trip, but I don't think that has been established - there were other days with oscillations and no generator trips. And even if they caused the initial generator trips, as outlined above, that shouldn't have brought the grid down.
Synchronous condensers or grid forming statcoms can provide inertia for dumb inverters.
Inertia is related to frequency and phase, not voltage. It was not an issue in this grid collapse, despite lots of speculation to that effect at the start: frequency and rate of change of frequency never got far enough out of spec to cause generator, load or substation trips. Synchronous condensers provide some inertia, but mainly voltage regulation, and statcoms only provide voltage regulation. Inertia or synthetic inertia require a source of real power (think conservation of energy), which statcoms don't have. Batteries are an excellent source of virtual inertia (super-fast and can sustain the response for a long time without dropping frequency and tripping the grid). But inertia wasn't the problem in Spain.
If high voltage distribution was all HVDC, it would have worked fine too though. AC is a clusterfuck, Edison was right in the end.
This is like buying a new transmission because you have a worn clutch. I guess a completely different grid might not have had this problem, but thatâ(TM)s a fairly extreme solution when the problem can be fixed by tuning up the generator voltage regulators or adding a few batteries with grid-forming inverters.
More generally, the AC system works pretty well - transformers are cheap and reliable, frequency and phase do a good job of allocating load between generators and keeping the system balanced, and voltage does a good job of signaling when lines need to be tripped off due to faults. Both of these have strong, simple, physical negative feedback effects in spinning machines and transmission lines, which can be replicated with solid-state devices. If electronic devices are cheaper than the copper and steel equivalent, they can be added, but we won't (and shouldn't) move away from AC grids anytime soon.