Incoming president Barack Obama is expected to increase spending and provide new incentives to develop alternative energy. This provides a great opportunity for investors, says Sara Nunnally. She expects international companies like Acciona SA (MCE:ANA) from Spain to play a major role in expanding clean energy in the US.

Chesapeake Energy's (CHK) stock price has been hammered over the past few months due to the bursting of the energy and commodities bubble. Also, some investors have voiced concern over CHK's high debt level. However, we see this sell-off as a great buying opportunity for patient investors.

A look at a few ways to play the Pickens Plan. Highlighted are two plays in the natural gas transportation space and a diversified way to play wind energy.