According to Germany’s Tagesspiegel, it looks like Solon has been saved by Indian-Arabic company, Microsol. The news has still to be officially confirmed, however, it is expected that a formal statement will be made on Friday, March 2.

The Germany solar incentive debate continues. While it was announced last week that there are plans to introduce a feed-in tariff (FIT) cap on photovoltaic modules, yet another proposal has suggested that only 80 percent of fed-in solar electricity should receive a tariff.

Details over Microsol’s intended takeover of Solon SE have emerged. Under its plans, the facility at Greifswald will close and 25 jobs will be lost.

Ever clearer signals are emerging that Germany’s Federal Government is planning a new type of cap for solar subsidies. According to the latest plans, only a yearly electricity yield of between 800 and 900 kilowatt (kW) hours per kW peak will qualify for a tariff. Such a rule would, above all, benefit Chinese module and inverter suppliers.

First Solar is to reduce production at its Frankfurt/Oder manufacturing facility in Germany by 50 percent. As a result, 1,200 employees will be moved onto six months of shorter working hours.

According to media reports, the Chinese government in Beijing has scaled back its Golden Sun Program subsidies and its feed-in tariff rates following an increased demand for photovoltaics in the country.

According to reports, Berlin-based Solon has received two concrete takeover offers. Negotiations are expected to begin in the coming week.

LDK Solar, Bosch and Centrosolar have all been given the green light to go ahead with their planned (and, for LDK and Centrosolar, partial) takeovers of Sunways, Voltwerk and Gecko Group, respectively.