Schott Solar will be closing its 200,000-square-foot manufacturing plant in Albuquerque.
The company once billed the plant as its flagship facility in North America. It produces photovoltaic panels and thermal receivers for large-scale solar power plants.
More than 200 people work there. They were told Thursday about the closure.
Schott spokesman Matthew Kraft declined to immediately provide details about why the company was ending operations in Albuquerque.
Mayor Richard Berry says the first concern is for the employees. He says Schott will be working with community groups to help workers find other jobs.
Albuquerque city officials also plan to review documents associated with incentives the city had provided. Penalties are likely.
The company also took advantage of state incentives, including a high-wage tax credit, a manufacturing investment tax credit and job training funds.