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flag Victoria's grid upgrade cost surges to over $20 billion, complicating renewable energy push.

flag Victoria's electricity grid upgrade to support renewable energy is expected to cost over $20 billion, quadrupling the initial $4.3 billion estimate. flag This increase poses significant financial challenges for households and businesses. flag Meanwhile, Australia's Labor Party victory has solidified the country's commitment to renewables, rejecting nuclear power and focusing on expanding wind, solar, and storage assets to meet the 82% renewable target by 2030.

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