diff --git a/HOW_TO_RELEASE.md b/HOW_TO_RELEASE.md
index 893a6d77168..8d82277ae55 100644
--- a/HOW_TO_RELEASE.md
+++ b/HOW_TO_RELEASE.md
@@ -109,6 +109,6 @@ upstream        https://github.com/pydata/xarray (push)
 
 ## Note on version numbering
 
-As of 2022.02.0, we utilize the [CALVER](https://calver.org/) version system.
+As of 2022.03.0, we utilize the [CALVER](https://calver.org/) version system.
 Specifically, we have adopted the pattern `YYYY.MM.X`, where `YYYY` is a 4-digit
 year (e.g. `2022`), `MM` is a 2-digit zero-padded month (e.g. `01` for January), and `X` is the release number (starting at zero at the start of each month and incremented once for each additional release).
diff --git a/doc/whats-new.rst b/doc/whats-new.rst
index 6f939a36f25..25e7071f9d6 100644
--- a/doc/whats-new.rst
+++ b/doc/whats-new.rst
@@ -14,10 +14,18 @@ What's New
 
     np.random.seed(123456)
 
-.. _whats-new.2022.02.0:
+.. _whats-new.2022.03.0:
 
-v2022.02.0 (unreleased)
------------------------
+v2022.03.0 (2 March 2022)
+-------------------------
+
+This release brings a number of small improvements, as well as a move to `calendar versioning <https://calver.org/>`_ (:issue:`6176`).
+
+Many thanks to the 16 contributors to the v2022.02.0 release!
+
+Aaron Spring, Alan D. Snow, Anderson Banihirwe, crusaderky, Illviljan, Joe Hamman, Jonas Gliß,
+Lukas Pilz, Martin Bergemann, Mathias Hauser, Maximilian Roos, Romain Caneill, Stan West, Stijn Van Hoey,
+Tobias Kölling, and Tom Nicholas.
 
 
 New Features
@@ -27,7 +35,6 @@ New Features
   :py:meth:`CFTimeIndex.shift` if ``shift_freq`` is between ``Day``
   and ``Microsecond``. (:issue:`6134`, :pull:`6135`).
   By `Aaron Spring <https://github.com/aaronspring>`_.
-
 - Enbable to provide more keyword arguments to `pydap` backend when reading
   OpenDAP datasets (:issue:`6274`).
   By `Jonas Gliß <https://github.com/jgliss>`.