Summary
Overview
Work History
Education
Skills
Certification
Languages
Timeline
Scholarships:
Professional Engagements
Generic

Aygun ZEYNALOVA

Baku

Summary

Multilingual legal and energy professional with over 12 years of experience across oil & gas, renewable energy, public sector leadership, and academia. Known for managing and leading complex, high-value energy projects, I bring a unique blend of legal expertise, commercial understanding, and strategic leadership. My career spans legal advisory and executive management roles, with a proven track record of delivering results in demanding, multi-stakeholder energy environments.

I have led strategic projects from inception to execution across both conventional and renewable energy sectors - overseeing negotiations, regulatory alignment, and stakeholder engagement. My leadership experience includes working with international investors, development finance institutions, and regulatory authorities, particularly in structuring and implementing utility-scale energy projects.

Currently pursuing a PhD at Université de Picardie Jules Verne (France) in cooperation with Harvard University, my research focuses on energy supply agreements from a private law perspective, covering both natural gas and renewable energy supply structures. I also hold multiple master’s degrees in law from institutions in France, Belgium, and the United Kingdom, reflecting a strong academic foundation in international, European, commercial and financial law.

Fluent in several languages and comfortable navigating cross-border legal and commercial frameworks, I bring strategic thinking, legal depth, and practical execution to energy projects. I thrive in roles where legal precision meets commercial ambition-helping shape the future of energy through well-structured, forward-looking agreements and partnerships.

Overview

12
12
years of professional experience
1
1
Certification

Work History

Senior Manager Business Development

ACWA Power
07.2024 - 09.2024
  • Led project finance origination for renewable energy assets, focusing on financial structuring and investment opportunities
  • Collaborated with financial institutions on structuring project financing solutions for energy transition projects
  • Established strong relationships with stakeholders, ensuring long-term partnerships and repeat business.

Advisor to Minister of Energy, Deputy Director

Azerbaijan Renewable Energy Agency Under the Ministry of Energy of the Republic of Azerbaijan
12.2022 - 02.2024
  • Led financial structuring and project development for a USD 350 million 240 MW Wind Power Plant Project with ACWA Power, negotiating Project Documents including Power Purchase Agreement, Investment Agreement, Transmission Connection Agreement and Direct Agreements with Investor and International Financial Institutions (IFIs)
  • Represented the Ministry of Energy of the Republic of Azerbaijan on a USD 300 million 230 MW Solar PV Project in Garadagh developed by Masdar, including negotiating and drafting of Project Documents, such as Power Purchase Agreement, Investment Agreement, Transmission Connection Agreement with Investor, as well as Direct Agreements with Investor and IFIs
  • Represented the Ministry of Energy of the Republic of Azerbaijan on a 240 MW Solar Power Plant Project Shafag (Sunrise) Virtual Power Transfer Arrangement (VPTA) developed by BP in Jabrayil region, including negotiating and drafting Investment Agreement, Power Purchase Agreement and Balancing Agreement
  • Led financial structuring and project development of 315 MW Solar PV Project (located at Banka settlement of Neftchala district) between the Government of the Republic of Azerbaijan, Abu Dhabi Future Energy Company – Masdar and State Oil Company of the Azerbaijan Republic (SOCAR)
  • Led financial structuring and project development of 445 MW Solar PV Project (located at Bilasuvar district) between the Government of the Republic of Azerbaijan, Abu Dhabi Future Energy Company – Masdar and SOCAR
  • Led financial structuring and project development of 240 MW Onshore Wind Power Plant Project (located at Absheron/Garadagh region) between the Government of the Republic of Azerbaijan, Abu Dhabi Future Energy Company – Masdar and SOCAR
  • Originated and developed pipeline of renewable energy projects with diverse partners including ACWA Power, Masdar, BP, and Fortescue Future Industries, with combined capacity exceeding 2 GW
  • Led negotiations of the Caspian-EU Green Energy Corridor Project under the 'Agreement on Strategic Partnership in the field of green energy development and transmission' between Azerbaijan, Georgia, Romania, and Hungary
  • Managed project finance and investment frameworks for international renewable energy projects.

Head of Project Implementation and Legal Department

Azerbaijan Renewable Energy Agency Under the Ministry of Energy of the Republic of Azerbaijan
06.2022 - 12.2022
  • Led project implementation team responsible for renewable energy projects, guiding them from initial financing stages to financial close
  • Managed project finance execution including structuring financial packages with multiple IFIs
  • Coordinated with diverse stakeholders including multilateral development banks, commercial lenders, sponsors, and government entities
  • Negotiated and drafted complex finance documentation for energy transition projects with attention to IFIs requirements
  • Mentored junior team members on project finance fundamentals and best practices for working with investors and IFIs.

Acting Advisor to Deputy Minister of Economy

Ministry of Economy of the Republic of Azerbaijan
05.2020 - 04.2022
  • Provided strategic advice on project financing aspects of energy investments with particular focus on PPPs
  • Contributed to policy development for energy transition projects and international financial cooperation
  • Advised on foreign investment strategies, business development transactions and corporate governance frameworks.

Head of Risk Assessment and Methodology Division of Legal Department

Financial Monitoring Service of the Republic of Azerbaijan
02.2020 - 04.2022
  • Led risk assessment and regulatory compliance strategies for financial transactions
  • Ensured compliance with local and international financial regulations, including anti-money laundering laws
  • Developed frameworks for financial integrity in international project finance structures
  • Managed due diligence processes for significant cross-border financial transactions
  • Evaluated risk mitigation strategies for project finance deals across multiple jurisdictions.

Adjunct Lecturer

Baku State University
09.2014 - 06.2021
  • Served as an Adjunct Lecturer for Oil and Gas Contracts, European Private Law and European Union's Institutions' courses to LL.M. students.

Associate

MGB Law Offices
04.2014 - 01.2019
  • Advised on financial aspects of M&A transactions in the energy sector, with focus on project finance structures
  • Structured acquisition financing for participation interests in energy infrastructure projects
  • Provided regular advisory services to Black Sea Trade and Development Bank and World Bank Group on project finance transactions
  • Drafted and negotiated term sheets and finance documentation for international energy companies on project financing
  • Facilitated cross-border transactions and joint ventures, ensuring compliance with local and international regulations, which led to the successful closure of $500M in deals across various jurisdictions.

Trainee Lawyer at Cabinet of Judge Marko Ilesic

Court of Justice of the European Union
05.2012 - 10.2012
  • Conducted comprehensive legal research to support lawyers in developing strong arguments for various cases
  • Developed a keen understanding of various legal areas through exposure to diverse casework
  • Collaborated with senior attorneys for effective case strategy development, driving positive outcomes.

Education

Ph.D. - Private Law

Université De Picardie Jules Verne & Harvard University
Amiens
01-2027

LL.M. - International Financial and Commercial Law

King's College London
04-2023

LL.M. - European Law

College of Europe
06-2018

Master - European Law

Université De Strasbourg
10-2012

Master - International And European Law

Université De Strasbourg
06-2012

Bachelor of Laws (LL.B.) - International Law

Baku State University
06-2009

Skills

  • Negotiation of Project and Finance Documentation
  • Cross-Border Transaction Management
  • Leadership and Team Management
  • Renewable Energy Deal Structuring and Execution
  • Project Finance Structuring and Origination
  • High-Level Negotiations in Renewable Energy Projects

Certification

  • Certificate of Institut National du Service Public (INSP), Climate, Energy and Environment: Regulatory Approach of the European Union, Paris, France - June 2023
  • Certificate Regional Academy - Transformation Lawyers, Hertie School of Governance, Berlin, Germany - March 2017
  • Certificate of Hague Academy of International Law - Private International Law Session, Hague, Netherlands - August 2016

Languages

English
Full Professional
French
Full Professional
Russian
Full Professional
Dutch
Limited Working

Timeline

Senior Manager Business Development

ACWA Power
07.2024 - 09.2024

Advisor to Minister of Energy, Deputy Director

Azerbaijan Renewable Energy Agency Under the Ministry of Energy of the Republic of Azerbaijan
12.2022 - 02.2024

Head of Project Implementation and Legal Department

Azerbaijan Renewable Energy Agency Under the Ministry of Energy of the Republic of Azerbaijan
06.2022 - 12.2022

Acting Advisor to Deputy Minister of Economy

Ministry of Economy of the Republic of Azerbaijan
05.2020 - 04.2022

Head of Risk Assessment and Methodology Division of Legal Department

Financial Monitoring Service of the Republic of Azerbaijan
02.2020 - 04.2022

Adjunct Lecturer

Baku State University
09.2014 - 06.2021

Associate

MGB Law Offices
04.2014 - 01.2019

Trainee Lawyer at Cabinet of Judge Marko Ilesic

Court of Justice of the European Union
05.2012 - 10.2012

LL.M. - International Financial and Commercial Law

King's College London

LL.M. - European Law

College of Europe

Master - European Law

Université De Strasbourg

Master - International And European Law

Université De Strasbourg

Bachelor of Laws (LL.B.) - International Law

Baku State University

Ph.D. - Private Law

Université De Picardie Jules Verne & Harvard University

Scholarships:

  • 2018: Full Scholarship from the European Union for studies at the College of Europe, Bruges, Belgium
  • 2016: Scholarship from STIP (Stichting ter bevordering van het Internationaal Privaatrecht), Rotterdam, Netherlands
  • 2012: Alsace Region Boussole Scholarship (Bourse Boussole d'Alsace), Strasbourg, France
  • 2009: State Program on Education of Azerbaijani Youth Abroad (2007–2015), Baku, Azerbaijan

Professional Engagements

  • Speaker, “Challenges and Prospects of the Regional Market in the South Caucasus” panel, Regional Conference “Creating a Regional Energy Market in the EU’s Eastern Neighborhood”, Vienna, June 2023
  • Chairman & Keynote Speaker,“Green Energy Potential of the Caspian Region” session, 28th Baku Energy Forum; presented “Caspian - EU Green Energy Corridor: Concept of Development and Transmission of Green Energy”, Baku, June 2023
  • Speaker, “Caspian - EU Green Energy Corridor: Concept of Development and Transmission of Green Energy”, Baku Connect Event organized by the British Embassy and Energy Industries Council (EIC), Baku, May 2023
  • Speaker, “Caspian - EU Green Energy Corridor: Green Energy Development and Transmission Concept”, High-Level Energy Dialogue Meeting between Azerbaijan and the European Union, Brussels, May 2023
  • Speaker, “Long-Term Plans and Current Situation for the Implementation of Renewable and Clean Energy Projects”, Azerbaijan – US Green Energy Forum, Baku, April 2023
  • Speaker, “Caspian - EU Green Energy Development and Transmission Concept”, Meeting of the Working Group on Energy between Azerbaijan and Hungary, Budapest, February 2023
  • Speaker, “Caspian - EU Green Energy Corridor: Green Energy Development and Transmission Concept”, 1st Ministerial Meeting pursuant to the Agreement on Strategic Partnership in the field of Green Energy development and transmission between Azerbaijan, Georgia, Romania, and Hungary, Baku, February 2023
  • Speaker, panel on “Green Energy: Delivery of Caspian Sea Wind Energy to the European Energy Markets”, 9th Southern Gas Corridor Advisory Council and 1st Green Energy Advisory Council Ministerial Meeting; presented “Caspian - EU Green Energy Corridor: Development and Transmission Concept”, Baku, February 2023
  • Speaker, “Renewable Energy Investment Climate in Azerbaijan”, Renewable Energy Investment Conference, organized by the Council of European Energy Regulators and the European Union, Tbilisi, October 2022
Aygun ZEYNALOVA