Waaree Energies has received a letter of award (LOA) from Solar Energy Corp. of India (SECI) to develop a 700 MW solar power project paired with a 700 MW/2,800 MWh energy storage system (ESS) in Solapur, Maharashtra. Separately, the company’s board has approved approximately $37 million in capital expenditure by Waaree Solar Americas Inc. (WSA), a wholly owned subsidiary of Waaree Energies, to revamp its module manufacturing facility in Arizona, United States.