diff --git a/CMakeLists.txt b/CMakeLists.txt
index d6bb9a102..de664f502 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,6 +6,7 @@ project(
   LANGUAGES Fortran
 )
 
+option(BUILD_SHARED_LIBS "Build shared libraries" OFF)
 option(BUILD_TESTING "Build tests" OFF)
 
 option(RTE_ENABLE_SP "Enable single-precision floating-point model" OFF)
diff --git a/rrtmgp-frontend/CMakeLists.txt b/rrtmgp-frontend/CMakeLists.txt
index 386a8756b..03d2f30bf 100644
--- a/rrtmgp-frontend/CMakeLists.txt
+++ b/rrtmgp-frontend/CMakeLists.txt
@@ -1,7 +1,7 @@
 set(gas_optics_source_dir ${PROJECT_SOURCE_DIR}/gas-optics)
 
 add_library(
-  rrtmgp STATIC # cmake-format: sort
+  rrtmgp # cmake-format: sort
   $<TARGET_OBJECTS:rrtmgpkernels>
   ${gas_optics_source_dir}/mo_gas_concentrations.F90
   ${gas_optics_source_dir}/mo_gas_optics.F90
@@ -14,7 +14,13 @@ add_library(
 
 add_library(rte-rrtmgp::rrtmgp ALIAS rrtmgp)
 
-set_target_properties(rrtmgp PROPERTIES EXPORT_NAME rte-rrtmgp::rrtmgp)
+set_target_properties(
+  rrtmgp
+  PROPERTIES EXPORT_NAME rte-rrtmgp::rrtmgp
+             VERSION ${PROJECT_VERSION}
+             SOVERSION ${PROJECT_VERSION_MAJOR}.${PROJECT_VERSION_MINOR}
+             INSTALL_RPATH "${CMAKE_INSTALL_FULL_LIBDIR}"
+)
 
 target_include_directories(
   rrtmgp
diff --git a/rrtmgp-kernels/CMakeLists.txt b/rrtmgp-kernels/CMakeLists.txt
index 2c50a17c9..7e31901e1 100644
--- a/rrtmgp-kernels/CMakeLists.txt
+++ b/rrtmgp-kernels/CMakeLists.txt
@@ -29,6 +29,10 @@ else()
   endif()
 endif()
 
+if(BUILD_SHARED_LIBS)
+  set_target_properties(rrtmgpkernels PROPERTIES POSITION_INDEPENDENT_CODE ON)
+endif()
+
 target_include_directories(
   rrtmgpkernels PRIVATE ${CMAKE_Fortran_MODULE_DIRECTORY}
 )
diff --git a/rte-frontend/CMakeLists.txt b/rte-frontend/CMakeLists.txt
index 9a84452a0..ea0c2581d 100644
--- a/rte-frontend/CMakeLists.txt
+++ b/rte-frontend/CMakeLists.txt
@@ -1,5 +1,5 @@
 add_library(
-  rte STATIC # cmake-format: sort
+  rte # cmake-format: sort
   $<TARGET_OBJECTS:rtekernels>
   mo_fluxes.F90
   mo_optical_props.F90
@@ -12,7 +12,12 @@ add_library(
 
 add_library(rte-rrtmgp::rte ALIAS rte)
 
-set_target_properties(rte PROPERTIES EXPORT_NAME rte-rrtmgp::rte)
+set_target_properties(
+  rte
+  PROPERTIES EXPORT_NAME rte-rrtmgp::rte
+             VERSION ${PROJECT_VERSION}
+             SOVERSION ${PROJECT_VERSION_MAJOR}.${PROJECT_VERSION_MINOR}
+)
 
 target_include_directories(
   rte
diff --git a/rte-kernels/CMakeLists.txt b/rte-kernels/CMakeLists.txt
index ba36d6718..13bb88de7 100644
--- a/rte-kernels/CMakeLists.txt
+++ b/rte-kernels/CMakeLists.txt
@@ -35,6 +35,10 @@ else()
   endif()
 endif()
 
+if(BUILD_SHARED_LIBS)
+  set_target_properties(rtekernels PROPERTIES POSITION_INDEPENDENT_CODE ON)
+endif()
+
 target_compile_definitions(
   rtekernels PRIVATE $<$<BOOL:${RTE_ENABLE_SP}>:RTE_USE_SP>
 )