diff --git a/crossplane.yaml b/crossplane.yaml
index cbdcc4a..a017c88 100644
--- a/crossplane.yaml
+++ b/crossplane.yaml
@@ -25,4 +25,4 @@ spec:
       version: "v0.41.1"
     - configuration: xpkg.upbound.io/upbound/configuration-gcp-network
       # renovate: datasource=github-releases depName=upbound/configuration-gcp-network
-      version: "v0.4.0"
+      version: "v0.5.0"