Zorya Energy Advisors

Paula Zagrecki • CEO

A talented and seasoned executive with 30 years of experience in the energy sector, Ms. Zagrecki has developed and financed projects over a broad array of technologies, including geothermal, wind, gas-fired, solar, energy storage, and transmission projects.  Her particular areas of strength include project development, project finance, government and community relations, regulatory affairs, mergers and acquisitions (M&A), financial analysis, financial structuring, contract negotiations, and permitting.  Over her career, she has worked in diverse markets throughout the Americas and Asia.

As CEO of Zorya Energy, Ms. Zagrecki guides institutional and strategic investors, developers, governments, and regional distributed energy companies in all phases of project development, project finance, and M&A in the sustainable energy space.

Prior to founding Zorya Energy, Ms. Zagrecki led two divisions at Diamond Generating Corporation, where she was both Vice President, Distributed Energy Resources and Vice President, Project Finance.  Ms. Zagrecki financed over $5 billion of energy projects while at Diamond.  Over the years, her financings have garnered numerous Deal of the Year awards from industry publications for their innovation and creativity.  In 2015, Ms. Zagrecki was tasked with starting a new Distributed Energy Resources division at Diamond, and in 2016, closed the company’s first investment in a distributed solar company, providing a combined after tax rate of return of 50% from both the corporate investment and project investments.

Prior to joining Diamond, Ms. Zagrecki was Director of Finance for Oxbow Power Corporation, where she was responsible for both the company’s project finance and renewable energy efforts.  During her tenure at Oxbow, she financed Costa Rica’s first independent renewable power project, the Miravalles Geothermal Project, putting the country on a path to energy independence.  She also financed the first independent renewable project in the Philippines using Philippine banks, thereby avoiding the need to provide political risk cover to the lenders.

Ms. Zagrecki graduated Magna cum Laude from Dartmouth College with a Bachelor of Arts with Honors in Government and a Certificate in Environmental Studies.  She also holds a Master of Public Policy degree from the Goldman School of Public Policy at UC Berkeley, where she was a UC Regents Fellow in Public Policy. 


Clare Z. Riley • VP Business Development

Ms. Riley has spent the past 20 years advising senior decisionmakers in the infrastructure, clean energy, and real estate sectors, developing strategies for family controlled companies in corporate governance, succession planning, and aligning stakeholders including Boards, C-Suite managers, investors, employees, clients, and vendors. 

Over the past 36 years, both as a consultant and as a VP-level corporate executive, Ms. Riley has developed diversification strategies for international companies, including divestiture of non-core businesses and the launch of new businesses and product lines in new geographic markets (63 offices on four contintents). Moreover, she has strong experience in operations, streamlining business processes, developing back office platforms, and restructuring and turnaround of operating divisions to reach growth and profitability targets.

In the area of Human Capital Development, Ms Riley has developed compensation and retention strategies including phantom stock programs. She has designed and led successful executive development programs, including coaching for high performance teams, developed talent piplines, and has recruited at all levels. 

Ms. Riley holds a Bachelor of Arts degree from Princeton University, a Certificate in Financial Planning from New York University, a Certificate in Small Business Administration from the Wharton School of the University of Pennsylvania, and has studied five foreign languages. 


Jared Mack • Director, Structuring & Analysis

Mr. Mack leads the team’s financial analysis efforts, properly structuring and modeleing deals to meet client’s expectations on returns. 

Mr. Mack comes to Zorya Energy with more than eight years of experience providing operational and financial expertise to the power, oil & gas, IT, and transportation sectors. He specializes in project origination development and implementation, gas-to-power value chain, cost-reflective tariffs, power regulation, government relations, contract negotiation, project finance and financial modeling, sensitivity analysis, and risk mitigation.


Prior to joining Zorya Energy, he worked for the U.S. Department of Energy (DoE) Loan Programs Office where he served as a Portfolio Manager and financial modeling lead for project-financed solar assets. Mr. Mack provided proactive asset monitoring and risk management including: preparation of periodic credit risk reports and mitigation measures, analysis of financial metrics of asset performance, and written sector reports and counterparty assessments. 

Previously, Mr. Mack spent 5 years developing energy and infrastructure projects in emerging markets. Mr. Mack served as the Project Development Manager for Coral Logistics, developing and managing exploration and service activities in the oil and gas sector in East Africa, including leading transportation logistics between Tanzania and Mozambique, importing trucks and heavy lift equipment for the oil and gas industry. Additionally, Mr. Mack was General Manager for Rakgas Tanzania, an upstream exploration company, where he negotiated exploration activities with the Government of Tanzania, managed two Production Sharing Agreements, and established working relationships with the Zanzibar Government in oil and gas exploration. 

Mr. Mack holds a Masters degree in Materials Science and Engineering from Cornell University and a Masters degree from Johns Hopkins University – School of Advanced International Relations (SAIS), with concentrations in Energy and Finance. Additionally, he earned joint Bachelors’ degrees from Augsburg College in Physics and Chemistry. Mr. Mack volunteered in the Peace Corps in Tanzania from 2006 through 2007 and speaks Swahili.