diff --git a/CHANGELOG.md b/CHANGELOG.md
index 377459ce..c4bcdd91 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,31 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.29.0
+
+**Release date:** 2022-09-09
+
+This prerelease adds support for non-TLS container registries such
+as [Kubernetes Kind Docker Registry](https://kind.sigs.k8s.io/docs/user/local-registry/).
+Connecting to an in-cluster registry over plain HTTP,
+requires setting the `OCIRepository.spec.insecure` field to `true`.
+
+:warning: **Breaking change:** The controller logs have been aligned
+with the Kubernetes structured logging. For more details on the new logging
+structure please see: [fluxcd/flux2#3051](https://github.com/fluxcd/flux2/issues/3051).
+
+Improvements:
+- Align controller logs to Kubernetes structured logging
+  [#882](https://github.com/fluxcd/source-controller/pull/882)
+- [OCIRepository] Add support for non-TLS insecure container registries
+  [#881](https://github.com/fluxcd/source-controller/pull/881)
+- Fuzz optimisations
+  [#886](https://github.com/fluxcd/source-controller/pull/886)
+
+Fixes:
+- [OCI] Static credentials should take precedence over the OIDC provider
+  [#884](https://github.com/fluxcd/source-controller/pull/884)
+
 ## 0.28.0
 
 **Release date:** 2022-08-29
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 58d6ff62..3fda1bb5 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
 images:
 - name: fluxcd/source-controller
   newName: fluxcd/source-controller
-  newTag: v0.28.0
+  newTag: v0.29.0
diff --git a/go.mod b/go.mod
index 39833dca..b4c0d04b 100644
--- a/go.mod
+++ b/go.mod
@@ -45,7 +45,7 @@ require (
 	github.com/fluxcd/pkg/testserver v0.3.0
 	github.com/fluxcd/pkg/untar v0.2.0
 	github.com/fluxcd/pkg/version v0.2.0
-	github.com/fluxcd/source-controller/api v0.28.0
+	github.com/fluxcd/source-controller/api v0.29.0
 	github.com/go-git/go-billy/v5 v5.3.1
 	github.com/go-git/go-git/v5 v5.4.2
 	github.com/go-logr/logr v1.2.3