diff --git a/.env b/.env
index de4b74f70..a1f292278 100644
--- a/.env
+++ b/.env
@@ -1,3 +1,3 @@
 ifndef MODULE_VERSION
-    MODULE_VERSION = 0.1.0
+    MODULE_VERSION = 0.2.0
 endif
\ No newline at end of file
diff --git a/config/operator/kustomization.yaml b/config/operator/kustomization.yaml
index a6eea6b3a..77eee2af3 100644
--- a/config/operator/kustomization.yaml
+++ b/config/operator/kustomization.yaml
@@ -5,4 +5,4 @@ kind: Kustomization
 images:
 - name: controller
   newName: k3d-kyma-registry:5001/serverless-operator-dev-local
-  newTag: 0.1.0
+  newTag: 0.2.0