diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9942e36..69e6984 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,16 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
+
+## [0.3.0] - 2024-04-04
+### Added
+- Adds tests and examples
+- Adds more objectives and methods in the `equations` module.
+- Adds more helper functions in `utils`.
+
+## Fixed
+- Updates the `README` to instruct users on current installation procedures.
+
 ## [0.2.1] - 2022-11-01
 ### Fixed
 - Fixes a bug where storage constraints were not initialized in the `DispatchModel`.
diff --git a/setup.py b/setup.py
index 5e22f81..45fcd3c 100644
--- a/setup.py
+++ b/setup.py
@@ -6,8 +6,8 @@
 
 # Format expected by setup.py and doc/source/conf.py: string of form "X.Y.Z"
 _version_major = 0
-_version_minor = 2
-_version_micro = 1  # use '' for first of series, number for 1 and above
+_version_minor = 3
+_version_micro = 0  # use '' for first of series, number for 1 and above
 # _version_extra = 'dev'
 _version_extra = ''  # Uncomment this for full releases