diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6a54b558..5e4d581a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,7 +4,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project tries to adhere to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [Unreleased]
+## [0.5.0] - 2023-07-13
 ### Added
 - heat settings set for oemof simulation
 - cluster popups
diff --git a/digiplan/__init__.py b/digiplan/__init__.py
index d9127a1c..94761f7d 100644
--- a/digiplan/__init__.py
+++ b/digiplan/__init__.py
@@ -1,4 +1,4 @@
 """Digiplan init - holds current version."""
 
-__version__ = "0.4.0"
+__version__ = "0.5.0"
 __version_info__ = tuple([int(num) if num.isdigit() else num for num in __version__.replace("-", ".", 1).split(".")])
diff --git a/pyproject.toml b/pyproject.toml
index 0cdf68c0..f33d1653 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "digiplan"
-version = "0.4.0"
+version = "0.5.0"
 description = "Digiplan"
 authors = [
   "Hendrik Huyskens <hendrik.huyskens@rl-institut.de>",