The Hungarian firm, the Msolar Research Ltd, located at Mezokovesd and the Nigerian Partner has started the distribution of the Hungarian manufactured solar products in Nigeria. The first consignment of solar equipment arrived at the end of May to Lagos. MSolar products are comprising primarily off grid equipment, solar panels, solar car parks, wind turbines, energy storage units. These items surely will attract a lot attention in Nigeria.
The official discussions started at 2021 February, ending with signing of a partnership agreement. ARTU Energy LTD, located at the South Nigeria, became the sole representative covering West Africa.
The first consignment was purchased by private property developers, targeting various governmental development agencies. Market research, product introduction, simultaneously creating a partner distribution chain are the key areas of the present activities at this moment.
The Nigerian Hungarian Chamber of Commerce provides a lot of support creating a successful operation in Nigeria. Within the next two weeks the products will be introduced to the affiliated companies of the Chamber of Commerce.
Renewable energy has a big market in Nigeria especially taking under consideration of that the population is above 204 Million and the volume of the electricity distribution is 33 % under supplied. The remote rural aerials are the most vulnerable.The Hungarian Solar Technology could provide energy solution for these remote aerials in a very cost effective manner with affordable investment.
Through this export, the knowledge and technology transfer - the Hungarian company provide traninings for employees of the African partner to assemble and maintain of these systems.