diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 00000000..78cf2502
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,32 @@
+# Changelog
+
+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/).
+
+## [Unreleased]
+
+## [0.3.0] - 2020-06-06
+
+### Added
+- Added support for MSVC cross-compilation. This allows compilation on x64 for
+  a Windows ARM target.
+
+### Fixed
+- Fixed XCode CLT version detection on macOS Catalina.
+
+## [0.2.1] - 2020-05-05
+
+### Fixed
+- Relicensed to Node.js contributors.
+- Fixed Windows bug introduced in v0.2.0.
+
+## [0.2.0] - 2020-04-06
+
+This is the first release of this project, based on https://chromium.googlesource.com/external/gyp
+with changes made over the years in Node.js and node-gyp.
+
+[Unreleased]: https://github.com/nodejs/gyp-next/compare/v0.3.0...HEAD
+[0.3.0]: https://github.com/nodejs/gyp-next/compare/v0.2.1...v0.3.0
+[0.2.1]: https://github.com/nodejs/gyp-next/compare/v0.2.0...v0.2.1
+[0.2.0]: https://github.com/nodejs/gyp-next/releases/tag/v0.2.0
diff --git a/setup.py b/setup.py
index 1876aef1..e5c30eb1 100755
--- a/setup.py
+++ b/setup.py
@@ -15,7 +15,7 @@
 
 setup(
     name="gyp-next",
-    version="0.2.1",
+    version="0.3.0",
     description="A fork of the GYP build system for use in the Node.js projects",
     long_description=long_description,
     long_description_content_type="text/markdown",