all of that area at a royalty rate established by regulation and lease terms. (E) Lease duration Leases under this section will be issued for a period established by regulation with a preferential right in the lessee to renew. . 109. Wind lease sales on the outer Continental Shelf The Outer Continental Shelf Lands Act ( 43 U.S.C. 1331 et seq.) is amended by adding at the end the following: 33. Wind lease sales on the outer Continental Shelf (a) Authorization The Secretary may conduct wind lease sales on the outer Continental Shelf. (b) Wind lease sale procedure Any wind lease sale conducted under this section shall be considered a lease under section 8(p). (c) Wind lease sale off coast of California The Secretary, in consultation with the Secretary of Defense, shall offer a wind lease sale on the outer Continental shelf off the coast of California as soon as practicable, but not later than one year after the date of enactment of this section. (d) Wind lease sales off coast of Puerto Rico, Virgin Islands of the United States, and Guam (1) Study on feasibility of conducting wind lease sales off coast of Puerto Rico, Virgin Islands of the United States, and Guam (A) Study The Director of the Bureau of Ocean Energy Management shall conduct a study on the feasibility, including the long term economic feasibility, of conducting wind lease sales on the outer Continental Shelf off the coast of Puerto Rico, the Virgin Islands of the United States, and Guam. (B) Submission of results Not later than 180 days after the date of the enactment of this section, the Director of the Bureau of Ocean Energy Management shall submit to Congress the results of the study conducted under subparagraph (A). (2) Wind lease sales conditional upon results of study (A) Wind lease sale off coast of Puerto Rico If the study required under paragraph (1)(A) concludes that a wind lease sale on the outer Continental Shelf off the coast of Puerto Rico is feasible, then the Secretary shall offer a wind lease sale on the outer Continental shelf off