Independent convenience retailer Margiotta has installed solar panels at its Newbridge headquarters after securing £300k funding from HSBC Equipment Finance.
The family-owned business has installed 950 solar panels on the roof of its headquarters to power its office, warehouse, and produce refrigeration.
The solar panels will allow the retailer to run its larger number of refrigerators at a lower cost, while reducing its carbon footprint. During the longer days of spring and summer any surplus electricity will be sold to the national grid.
It means Margiotta will now be able to accommodate its growing partnership with Waitrose, as well as its network of local Scottish producers, farmers and breweries, while simultaneously increasing its own ranges for customers.
Iain Wells, Finance Director at Margiotta Group, said: “We have been working hard to reduce our carbon footprint while expanding the business. The solar panels at our new headquarters will make a significant difference in the long run as they will reduce our costings and make us more self-sufficient.”
Marcus Sangster, Relationship Director at HSBC UK, added: “We have worked closely with Margiotta for several years and it’s been great to see an Edinburgh-based family business grow significantly over this time. Its decision to install solar panels reflects its forward-thinking business model.”
Margiotta operates stores across Edinburgh and East Lothian. It opened its 11th store in December on Colinton Road (EH14) and plans to open a new food hall in the Shandon area of Edinburgh in April.
