The program aims to encourage recipients into senior secondary school in the first instance and then into tertiary study.
Woolnorth Wind Farm has been involved in the program since 2013 providing funding of more than $200,000 to 26 students.
One student from each of Smithton High School, Scottsdale High School, Circular Head Christian School and St Helens District High School will be awarded bursaries in 2019 that may be worth up to $14,000 over five years if the students undertake tertiary study at the University of Tasmania.
They will receive $1000 a year for years 11 and 12 in 2020 and 2021 respectively and then $3000 a year for up to four years of a degree.
Woolnorth Wind Farm General Manager Stephen Ross said the company aimed to help the people living in communities near its wind farms at Woolnorth in the north west and Musselroe Bay in the north east.
“We want to do something which makes a difference for young people and their families and provides a direct benefit to the communities where our wind farms are located,” he said.
University of Tasmania Associate Director of Fundraising Rebecca Cuthill said the Springboard programme was one of the most significant ways that donors could directly assist students reach their goal of attending university.
“We are incredibly grateful for the support provided by Woolnorth, which encourages students to aspire to life changing higher education,” Ms Cuthill said.