Your wire or power company's wire? If it is the feeder from the power company, contact them before doing anything. If it is your wire between your buildings, then yes, you need to upgrade the wire to match the service you plan to install. In that case, if you planned ahead and have the old wire in conduit, and the conduit is large enough, pull out the old and pull in the new. If no conduit exists, start digging and install conduit this time and get it right.