Vital Energi could be sold later this year

BLACKBURN-based Vital Energi, a renewable energy consultancy backed by FTSE 100 giant SSE, could be sold later this year.

The company has hired advisers at EY to find a buyer, according to The Sunday Times, which added that industry sources said it could worth as much as £100m.

SSE holds a significant interest in Vital alongside venture capital investor Scottish Equity Partners.

The consultancy provides sustainable energy solutions, allowing businesses to monitor, measure and reduce energy consumption.

It has worked with Heathrow airport, the University of Liverpool, York Teaching Hospital and advised on the athletes’ village at the 2014 Commonwealth Games in Glasgow.