Mahindra Susten to Develop 150 MW Open Access Renewable Power Project

BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Daily News Wrap-Up: REIL Invites Bids for 200,000 Mono PERC Solar Cells

Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Ahasolar Wins Consultancy Contract for 52 MW Solar Project from BPCL

REIL Invites Bids for 200,000 Mono PERC Solar Cells

Daily News Wrap-Up: MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24


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					</table><p>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-solar-exeger-secures-million/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Exeger, a developer of solar cell technology, </strong><a href="https://mercomcapital.com/solar-cell-technology-company-exeger-receives-loan/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a €35 million (~$38.4 million) loan from the European Investment Bank</strong>. The loan was backed by the InvestEU program, the financing instrument designed to support more than €372 billion (~$408 billion) in additional investment for EU policy priorities between 2021 and 2027.</p>
<p><strong>Alternus Energy Group, a renewable energy independent power producer, has <a href="https://mercomcapital.com/power-producer-alternus-public-via-spac-deal/" target="_blank" rel="noopener">completed</a> its merger with Clean Earth Acquisitions Corp</strong>, a special purpose acquisition company. The transaction was approved by Clean Earth shareholders. The newly formed company, Alternus Clean Energy, will trade on the NASDAQ Stock Market under the ticker symbol ALCE starting December 26, 2023. Alternus Energy Group will retain approximately 80% ownership of the company, while Clean Earth sponsors and public shareholders will hold the remaining shares.</p>
<p><strong>KPI Green Energy, a renewable energy solutions provider, has </strong><a href="https://www.mercomindia.com/kpi-green-%e2%82%b93-billion-qualified-institutions-placement" target="_blank" rel="noopener"><strong>raised</strong></a><strong> ₹3 billion (~$36.08 million) through Qualified Institutions Placement. </strong>The company’s board approved the issuance and allotment of 2.54 million equity shares to qualified institutional buyers at the issue price of ₹1,183 (~$14.23) per equity share against the floor price of ₹1,245 (~$14.97). Post the allotment, the company’s paid-up equity share capital rose from ₹376.52 million (~$4.53 million) to ₹401.88 million (~$4.83 million) consisting of 40.19 million equity shares each.</p>
<p><strong>Kraken Technologies, a software provider for the energy industry and part of Octopus Energy Group has <a href="https://mercomcapital.com/kraken-acquires-sennen-renewable-energy-asset-management-capabilities/" target="_blank" rel="noopener">announced</a> the acquisition of Sennen</strong>, a software provider for the delivery and operation of large-scale renewable energy generation. The deal will enhance Kraken’s asset management offering, allowing it to develop more innovative products and services for its clients. It will also increase Kraken’s contracted energy generation and storage assets sixfold, from 6.5 GW to 36 GW, and enable it to manage offshore wind farms for the first time.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week’s funding <a href="https://mercomcapital.com/funding-ma-roundup-sonnedix-secures-loan-facility/" target="_blank" rel="noopener">roundup</a>.</p>
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Funding and M&A Roundup: Solar Cell Tech Firm Exeger Secures $38.4 Million


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					</table><p><a href="https://www.mercomindia.com/ntpc-rel-acme-blupine-win-pfcs-1-25-gw-solar-auction" target="_blank" rel="noopener"><strong>NTPC Renewable Energy (NTPC REL), ACME Cleantech Solutions, and Solarcraft Power India 12 (Blupine Energy) won PFC Consulting’s auction to develop 1,250 MW of interstate transmission</strong></a> system connected to solar power projects anywhere in India. NTPC REL and ACME quoted the lowest tariff at ₹2.53 (~$0.0304)/kWh to win 900 MW and 300 MW capacity, respectively. Solarcraft Power India 12 won 50 MW under the bucket-filling method by quoting ₹2.54 (~$0.0305)/kWh. The projects will be developed on a build-own-operate basis under the program for flexibility in generating and scheduling thermal-hydropower by bundling with renewable energy and storage.</p>
<p><a href="https://www.mercomindia.com/cerc-approves-compensation-in-change-in-law-case" target="_blank" rel="noopener"><strong>The Central Electricity Regulatory Commission has approved a plea by ReNew Sun Waves (RSWPL) to receive compensation, both before and after the commercial operation date, to</strong></a> offset the financial impact of safeguard duty on solar cells or modules and increased customs duty on solar inverters. The compensation will be disbursed at a discount rate of 9%, and the annuity period is set at 15 years. RSWPL will also be entitled to carrying costs from the date of actual payments made to the authorities until the issuance of this order.</p>
<p><a href="https://www.mercomindia.com/rajasthan-to-allow-annual-revision-in-biomass-tariffs" target="_blank" rel="noopener"><strong>The Rajasthan Electricity Regulatory Commission has allowed the annual change in tariff for biomass projects in the state based on the increase or decrease in variable charges like fuel costs.</strong></a> Under the proposed “Rajasthan Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) (Second Amendment) Regulations, 2023,” the tariff for biomass projects determined in the financial year (FY) 2023-24 will apply for the FY 2024-25 and FY 2025-26. The stakeholders referred to the prevailing increase of 5% in tariffs and sought to be upheld by the Commission.</p>
<p><a href="https://www.mercomindia.com/uniform-electric-vehicle-policy" target="_blank" rel="noopener"><strong>The Parliamentary Standing Committee on Industry has recommended that the government formulate a consistent and stable national policy on electric mobility to create a promising</strong></a> environment for the electric vehicle (EV) industry to thrive. The committee thinks that frequent changes in the policies relating to EVs create uncertainties in the market and the EV industry. It also creates doubt in the minds of end users about the government’s actions.</p>
<p><a href="https://www.mercomindia.com/kpi-green-%E2%82%B93-billion-qualified-institutions-placement" target="_blank" rel="noopener"><strong>KPI Green Energy, a renewable energy solutions provider, has raised ₹3 billion (~$36.08 million) through Qualified Institutions Placement.</strong></a> The company’s board approved the issuance and allotment of 2.54 million equity shares to qualified institutional buyers at the issue price of ₹1,183 (~$14.23) per equity share against the floor price of ₹1,245 (~$14.97). Post the allotment, the company’s paid-up equity share capital rose from ₹376.52 million (~$4.53 million) to ₹401.88 million (~$4.83 million) consisting of 40.19 million equity shares each.</p>
<p><a href="https://www.mercomindia.com/oil-india-green-hydrogen-himachal" target="_blank" rel="noopener"><strong>Oil India has invited bids to establish a 1 MW green hydrogen project in Himachal Pradesh, with a 17 Kg/hr generation capacity.</strong></a> The project must be commissioned within 18 months of receiving the award letter. The last day to submit the bids is January 15, 2024. Bids will be opened the same day. Bidders must submit an earnest money deposit of ₹13.5 million (~$162,369). Selected bidders must furnish 10% of the contract value as performance security. The unit must be designed to run at least 8,000 hours per year at 100% capacity.</p>
<p><a href="https://www.mercomindia.com/australia-invites-bids-for-under-capacity-investment-program" target="_blank" rel="noopener"><strong>The Australian Department of Climate Change, Energy, the Environment and Water has invited bids to develop up to 600 MW of four-hour equivalent or 2,400 MWh energy storage projects in South</strong></a> Australia or Victoria. The Capacity Investment Scheme South Australia-Victoria tender seeks to set up energy storage projects with a continuous discharge capability for a minimum duration of 2 hours at their nameplate capacity and a minimum size of 30 MW. Eligible projects must be situated in South Australia or Victoria.</p>
<p><a href="https://www.mercomindia.com/teslas-nacs-officially-charging-standard-evs-us" target="_blank" rel="noopener"><strong>The U.S. has taken a step towards standardizing Tesla charging technology across public networks by earmarking $7.5 billion to establish a nationwide EV charging network.</strong></a> This has been allocated from the $1.2 trillion Bipartisan Infrastructure Law signed into effect in November 2021. With the implementation of J3400, a new standard for charging EVs published by the Society of Automotive Engineers, any supplier or manufacturer can now use and deploy the Tesla-developed North America Charging Standard connector.</p>
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Daily News Wrap-Up: PFC’s 1.25 GW ISTS-Connected Solar Auction


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					</table><p><a href="https://www.kpigreenenergy.com/home" target="_blank" rel="noopener">KPI Green Energy</a>, a renewable energy solutions provider, has raised ₹3 billion (~$36.08 million) through Qualified Institutions Placement (QIP).</p>
<p>The company’s board approved the issuance and allotment of 2.54 million equity shares to qualified institutional buyers at the issue price of ₹1,183 (~$14.23) per equity share against the floor price of ₹1,245 (~$14.97).</p>
<p>Post the allotment, the company’s paid-up equity share capital rose from ₹376.52 million (~$4.53 million) to ₹401.88 million (~$4.83 million) consisting of 40.19 million equity shares each.</p>
<p>The list of few notable investors who were allotted more than 5% of the equity shares offered in the issue include funds managed by Quant Mutual Fund, JM Financial Mutual Fund, SBI General Insurance, Societe Generale, Copthall Mauritius Investment, CITI group Global Markets Mauritius, Morgan Stanley Asia (Singapore), East Bridge Capital, Bengal Finance and Investment and Vikasa India.</p>
<p>The company did not disclose how the funds would be utilized.</p>
<p>KPI Green had announced on September 1, 2023, that it would raise funds through QIPs, following its win of the Gujarat Urja Vikas Nigam’s auction to develop solar projects in Khavda Solar Park. KPI had <a href="https://www.mercomindia.com/kpi-sael-nlc-india-guvnls-800-mw-solar-auction" target="_blank" rel="noopener">won</a> 100 MW as the base capacity by quoting ₹2.70 (~$0.0324)/kWh, and later, the company secured an additional 100 MW capacity under the greenshoe option.</p>
<p>The company <a href="https://www.mercomindia.com/kpi-green-net-profit-q1-fy24" target="_blank" rel="noopener">posted</a> a net profit of ₹347.5 million (~$4.19 million) in the second quarter of the financial year 2024, an increase of 64% year-over-year from ₹211.6 million (~$2.54 million).</p>
<p>As of September 30, 2023, KPI Green commissioned more than 346 MW, including 141 MW in independent power producer projects and 205 MW in captive power projects.</p>
<p>At the end of the first nine months of 2023, KPI Green’s order book was for more than 541 MW, of which 279 MW projects were under the Independent Power Producer segment, 77 MW under the captive power producer segment, and 185 MW under hybrid. The company has set a target of installing 1 GW by 2025.</p>
<p>In October 2023, KPI Green <a href="https://www.mercomindia.com/kpi-green-acquire-majority-stake-kpark-sunbeat" target="_blank" rel="noopener">acquired</a> a 99.9% equity stake in solar power developer KPark Sunbeat for a consideration of ₹1.26 billion (~$15.15 million). KPI Green said its board had approved the acquisition of 9,900 equity shares of KPark Sunbeat in a related party transaction. KPI has been consolidating the solar projects of the KP Group into a single entity, KPI Green Energy.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/satish-shetty/" class="vcard author" rel="author"><span class="fn">Satish Shetty</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Satish Shetty,</strong> Associate Editor at Mercom India<br />
<a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener">More articles from Satish Shetty.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener"><strong style="color: #00b451">Satish Shetty</strong></a> is an Associate Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.<br />
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KPI Green Raises ₹3 Billion Through Qualified Institutions Placement


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					</table><p><strong><a href="https://www.mercomindia.com/solar-auctions-up-86-tenders-rise-5-yoy-q3-2023" target="_blank" rel="noopener">Solar power project tenders floated by multiple implementing agencies in India rose 5% year-over-year to over 13 GW during the third quarter of the calendar year 2023, according to</a></strong> Mercom India Research. Tender announcements were flat quarter-over-quarter from July to September. The pace of tender announcements has failed to accelerate even after the government issued the 50 GW renewable energy trajectory target for financial years 2024-28.</p>
<p><strong><a href="https://www.mercomindia.com/madhya-pradesh-rooftop-solar-power-systems" target="_blank" rel="noopener">Madhya Pradesh Skills Development Project has invited bids for the implementation of approximately 3.6 MW of grid interactive rooftop solar systems.</a></strong> These projects will be implemented under the RESCO model, and the power generated will be sold to select institutions in Madhya Pradesh. The last date for the submission of bids is November 29, 2023. Bids will be opened on the next day.</p>
<p><a href="https://www.mercomindia.com/insurance-prominence-wind-solar-hybrid-projects-centerstage" target="_blank" rel="noopener"><strong>Wind-solar hybrid projects are a practical solution to tackle the intermittency issues of standalone wind and solar energy sources and are poised to play a critical role as a generation source going</strong></a> forward. When combined, the two renewable energy sources maximize electricity generation, strengthen grid reliability, and optimize land utilization. According to Mercom India Research, India has an installed hybrid renewable energy capacity of 3.6 GW and a pipeline of about 31 GW, including battery storage projects.</p>
<p><a href="https://www.mercomindia.com/kpi-green-acquire-majority-stake-kpark-sunbeat" target="_blank" rel="noopener"><strong>Renewable energy solutions provider KPI Green Energy is acquiring a 99.9% equity stake in solar power developer KPark Sunbeat for a consideration of ₹1.26 billion (~$15.1 million).</strong></a> In a regulatory filing, KPI Green Energy said its board of directors had approved the acquisition of 9,900 equity shares of KPark Sunbeat, a related party transaction. KPI has been consolidating the solar projects of the KP Group into a single entity, KPI Green Energy. Upon completion of the transaction, KPark will become a group subsidiary.</p>
<p><strong><a href="https://www.mercomindia.com/birla-carbon-acquires-battery-materials-nanocyl" target="_blank" rel="noopener">Birla Carbon, a group company of the diversified Birla Group, has acquired Nanocyl, a multi-wall carbon nanotube manufacturer based in Sambreville, Belgium.</a></strong> The acquisition will help Birla Carbon, a manufacturer and supplier of carbon black, expand its presence in materials critical to lithium-ion battery performance. Birla Carbon provides sustainable carbon black solutions that enhance the performance of energy systems, among other products.</p>
<p><a href="https://www.mercomindia.com/reduced-cost-residential-solar-growth-in-the-us" target="_blank" rel="noopener"><strong>New residential solar installations in the U.S. had a median size of 7.2 kW in 2022, a significant jump from the 2.4 kW seen in 2000, thanks to cost reductions and improved module efficiencies,</strong> </a> according to the Lawrence Berkeley National Laboratory. This trend is heavily influenced by California, which contributes significantly to the data even if it has smaller residential system sizes. In most states, the median size of residential photovoltaic systems in 2022 exceeded 8 kW, with many states exceeding 9 kW.</p>
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Daily News Wrap-Up: Solar Auctions Up 86%, Tenders Rise 5% YoY in Q3 2023


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					</table><p>Renewable energy solutions provider <a href="https://www.kpigreenenergy.com/" target="_blank" rel="noopener">KPI Green Energy</a> is acquiring a 99.9% equity stake in solar power developer KPark Sunbeat for a consideration of ₹1.26 billion (~$15.1 million).</p>
<p>In a regulatory filing, KPI Green Energy said its board of directors had approved the acquisition of 9,900 equity shares of KPark Sunbeat, a related party transaction. KPI has been consolidating the solar projects of the KP Group into a single entity, KPI Green Energy.</p>
<p>Upon completion of the transaction, KPark will become a group subsidiary.</p>
<p>KPI Green said the acquisition aims to harness the benefits of scale, enabling more efficient resource allocation. The company has set a target of reaching a combined renewable energy capacity of 1 GW by 2025.</p>
<p>The payment for this acquisition will be a two-part process. KPI Green Energy will issue and allot 15,18,480 equity shares, each with a face value of ₹10 (~$0.12). The issue price for these shares is set at ₹830.15 (~$10) per share, with the remaining amount covered through a cash payment.</p>
<p>KPark specializes in developing solar power projects and plans to set up a 100 MW solar park in Gujarat. This includes a 70 MW solar park in Dhrangadhra and a 30 MW project in Surat.</p>
<p>The company holds 2,11,367 sq. meters of freehold land in Surendranagar, Gujarat, dedicated to solar projects. It has also secured approvals from Gujarat Energy Transmission Corporation Limited for power evacuation to nearby substations.</p>
<p>KPI Green Energy was one of the <a href="https://www.mercomindia.com/kpi-sael-nlc-india-guvnls-800-mw-solar-auction" target="_blank" rel="noopener">winners</a> of Gujarat Urja Vikas Nigam’s auction to develop 800 MW of grid-connected solar power projects (Phase XX) at the Khavda Solar Park in Gujarat. KPI Energy bagged 100 MW by quoting ₹2.70 (~$0.033)/kWh.</p>
<p>In December, KPI Green <a href="https://www.mercomindia.com/daily-news-wrap-up-mwh-energy-storage-contract-with-engie/" target="_blank" rel="noopener">received</a> an order for a 33 MW solar power project under the captive power producer segment. The order included the execution of engineering, procurement, construction, and commissioning of the project, along with 25 years of operation &amp; maintenance and a land lease agreement through KPIG Energia, a wholly-owned subsidiary of the company.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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KPI Green To Acquire Majority Stake in Solar Developer KPark Sunbeat for ₹1.26 Billion

<p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>KPI Green Energy </strong><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/1dc0d50d-3cd2-4221-8b9f-f2d497b94ae9.pdf" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it had received the commissioning certificate for the solar power project with a capacity of 5.2 MW in Gujarat.</strong> The project was commissioned for Devika Fibers under the captive power producer segment of the company. Gujarat Energy Development Agency granted the commissioning certificate.</p>
<p><strong>Kredence Performance Materials, a wet-chemistry solution provider in the photovoltaic (PV) Industry, and RENA Technologies, a Germany-based wet-processing equipment manufacturer, are </strong><a href="https://www.rena.com/en/news-events/press/pressdetail/kredence-performance-materials-and-rena-technologies-team-up-for-additive-supply-to-fast-growing-indian-pv-market" target="_blank" rel="noopener"><strong>teaming</strong></a><strong> up to supply additives for alkaline solar cell texturing.</strong> The companies plan to work together to offer the latest version of RENA monoTEX to the fast-growing photovoltaics market in India. The cooperation would allow a fast and stable supply chain for photovoltaic customers. Through this alliance, Kredence will strengthen its position as a first-tier and top-quality supplier of chemicals and materials for PV production in India.</p>
<p><strong>JinkoSolar </strong><a href="https://www.jinkosolar.com/en/site/newsdetail/1745" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it had forged a 50 MWh distribution strategic agreement for an energy storage system with Palette Business Solutions, a renewable energy firm.</strong> Palette will distribute JinkoSolar’s battery system units and LFP container storage system. Palette’s distribution network in Nigeria consists of resellers, installers, and a support team. With their ESS solutions in collaboration with Palette, JinkoSolar intends to bring new development opportunities to Nigeria and make renewable electricity accessible and affordable to every household and factory.</p>
<p><strong>KGAL, a Germany-based asset management company, </strong><a href="https://www.kgal.de/en/newsdesk/pressnews/detail?tx_t2news_news%5Bcontroller%5D=News&amp;tx_t2news_news%5Bnews%5D=317&amp;cHash=8b1c9f440d96a1a56568e84f5e594fb4" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it had received a green light for three large-scale solar power projects in Italy.</strong> The approved solar parks located in the Lazio region and Sicily will have a total output of approximately 380 MW. They will be successively connected to the grid from the first quarter of 2024. Together with other projects, KGAL is developing solar and wind parks with a total capacity of more than 1.2 GW in the Italian market. Institutional investors of the funds &#8211; KGAL ESPF 4 and KGAL ESPF 5, currently being marketed, will participate in these promising investments.</p>
<p><strong>Octopus Energy Group’s generation arm, one of the largest investors in solar and wind energy in Europe, </strong><a href="https://octopus.energy/press/octopus-energy-enters-german-renewable-generation-market-with-first-wind-farm-investment/" target="_blank" rel="noopener"><strong>signed</strong></a><strong> its first renewable generation deal in Germany,</strong> helping to boost the country’s energy security. Octopus Energy Generation’s fund management team will build ‘Gaishecke,’ a 35 MW onshore wind farm in Hessen, near Frankfurt. Construction will kick off in the next few weeks. The farm will become operational by the end of 2023. The ten wind turbines made by Vestas will generate almost 100 GWh, enough green energy to power nearly 40,000 households a year. This will offset nearly 60,000 tonnes of CO2 a year, the same as taking 30,000 petrol cars off the road. Octopus bought the wind farm construction rights from a consortium of sellers. It aims to ramp up its generation portfolio in Germany quickly, and its fund management team is already scoping out other sites. By 2030, the company plans to operate 1,200 MW of wind and solar farms across the country.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/satish-shetty/" class="vcard author" rel="author"><span class="fn">Satish Shetty</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Satish Shetty,</strong> Associate Editor at Mercom India<br />
<a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener">More articles from Satish Shetty.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener"><strong style="color: #00b451">Satish Shetty</strong></a> is an Associate Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.<br />
<a href="https://mercomindia.com/author/satish-shetty/" rel="noopener noreferrer">More articles from Satish Shetty.</a></div>
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