1.5 dCi Renault Clio 2011 Boost Problem SOLVED (Easy Fix)

While driving a Renault Clio 1.5 dCi and trying to accelerate hard it suddenly lost power, dash started beeping and showing the service light. It felt like a turbo problem, and when checking with the diagnostic tool I got the P2263 diagnostic trouble code that indicates that there is a performance issue with the turbo/supercharger boost system. At first I thought it would be an expensive turbo issue, but it ended up being something else, an easy fix that costs $0 and does not require any special tools.