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Victoria's grid upgrade cost surges to over $20 billion, complicating renewable energy push.
Victoria's electricity grid upgrade to support renewable energy is expected to cost over $20 billion, quadrupling the initial $4.3 billion estimate.
This increase poses significant financial challenges for households and businesses.
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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El costo de actualización de la red de Victoria sube a más de 20 mil millones de dólares, complicando el impulso de la energía renovable.