diff --git a/crossplane.yaml b/crossplane.yaml
index 9f49f11..84ab3c0 100644
--- a/crossplane.yaml
+++ b/crossplane.yaml
@@ -32,7 +32,7 @@ spec:
   dependsOn:
     - configuration: xpkg.upbound.io/upbound/configuration-gcp-network
       # renovate: datasource=github-releases depName=upbound/configuration-gcp-network
-      version: "v0.2.0"
+      version: "v0.3.0"
     - configuration: xpkg.upbound.io/upbound/configuration-gcp-gke
       # renovate: datasource=github-releases depName=upbound/configuration-gcp-gke
       version: "v0.3.0"