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Have you enabled billing for your Google project? It looks like they have changed the location of the relevant option: it's now under the "cogwheel", on the upper right corner:
When you select Project billing settings, you should see something like this:
If this is not the case, you need to create a billing account, or enable billing.
Basic rule: if you never entered your credit card details anywhere in your Google project, your API key is not going to work.
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