Only 16 nations still diplomatically recognize the island over Beijing.
Taiwan's foreign minister Joseph Wu said Taipei had learned that the cabinet of Solomons Prime Minister Manasseh Sogavare had made the decision to recognise Beijing earlier Monday.
Taiwan now has formal relations with only 16 countries worldwide, but China claims Taiwan as its territory and says it has no right to formal ties with any nation.
"In the past few years, China has resorted to money and political pressure to suppress Taiwanese's global space", Tsai said.
After Tsai took office in 2016, Beijing has ramped up pressure on the self-ruled island's allies in an attempt to diminish Taiwan's presence on the global stage.
A petition calling on the German government to establish formal ties with Taiwan was submitted to the Bundestag on Wednesday last week by a group of Germans.
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"We stand ready to work with the Solomon Islands to open new broad prospects for our bilateral relations", spokeswoman Hua Chunying said in a statement late on Monday.
Over the decades, as China's economic and military power has grown, most countries, including the United States and most Western nations, switched recognition to Beijing.
Taipei, Taiwan. The island democracy of 23 million people elected President Tsai Ing-wen, who is bitterly opposed by the Communist government in Beijing.
It vowed to fight China's "increasingly out of control" behavior after El Salvador a year ago switched its allegiance to Beijing. Coming ahead of Taiwan's presidential election in January 2020, the move underscores the political cost of the ruling party's confrontational stance toward Beijing amid increasing diplomatic isolation.
It says that as a country that "disregards human rights, blocks entire ethnic groups into 're-education camps, ' builds a unique surveillance and censorship machine, brutally defies the concerns of other states in territorial conflicts in Southeast Asia and violates global law", China should not represent democratic Taiwan.