`MODULE_NOT_FOUND` when running with `npx`

I have a github action which executes semantic-release with npx. The project does not have a package.json.

Everything seems to work fine, before failing with error Cannot find module 'conventional-changelog-conventionalcommits'

.releaserc.yml

branches:
  - main
  - name: beta
    prerelease: beta
debug: true
plugins:
  - "@semantic-release/commit-analyzer"
  - path: "@semantic-release/release-notes-generator"
    preset: conventionalcommits
  - "@semantic-release/github"

workflow.yml

on:
  workflow_dispatch:

jobs:
  release:
    name: Release
    runs-on: ubuntu-latest

    env:
      GH_TOKEN: ${{ secrets.GITHUB_TOKEN }}
      NODE_VERSION: "20.x"

    steps:
      - uses: actions/checkout@v4

      - name: Set up Node.js
        uses: actions/setup-node@v3
        with:
          node-version: ${{ env.NODE_VERSION }}

      - name: Run `semantic-release`
        run: |
          npx --yes semantic-release --dry-run

logs

Run npx --yes semantic-release  --dry-run
  npx --yes semantic-release  --dry-run
  shell: /usr/bin/bash -e {0}
  env:
    NODE_VERSION: 20.x
    GH_TOKEN: ***
npm WARN deprecated read-pkg-up@11.0.0: Renamed to read-package-up
[12:48:09 AM] [semantic-release] › ℹ  Running semantic-release version 22.0.8
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "verifyConditions" from "@semantic-release/github"
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "analyzeCommits" from "@semantic-release/commit-analyzer"
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "generateNotes" from "@semantic-release/release-notes-generator"
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "publish" from "@semantic-release/github"
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "addChannel" from "@semantic-release/github"
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "success" from "@semantic-release/github"
[12:48:09 AM] [semantic-release] › ✔  Loaded plugin "fail" from "@semantic-release/github"
[...]
[12:48:12 AM] [semantic-release] › ✔  Completed step "analyzeCommits" of plugin "@semantic-release/commit-analyzer"
[12:48:12 AM] [semantic-release] › ℹ  There is no previous release, the next release version is 1.0.0-stage.1
[12:48:12 AM] [semantic-release] › ℹ  Start step "generateNotes" of plugin "@semantic-release/release-notes-generator"
[12:48:12 AM] [semantic-release] › ✘  Failed step "generateNotes" of plugin "@semantic-release/release-notes-generator"
[12:48:12 AM] [semantic-release] › ✘  An error occurred while running semantic-release: Error: Cannot find module 'conventional-changelog-conventionalcommits'
    at importFrom (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/import-from-esm/index.js:100:17)
    at process.processTicksAndRejections (node:internal/process/task_queues:95:5)
    at async default (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/@semantic-release/release-notes-generator/lib/load-changelog-config.js:27:63)
    at async generateNotes (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/@semantic-release/release-notes-generator/index.js:34:38)
    at async validator (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/normalize.js:36:24)
    at async file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/pipeline.js:38:36
    at async file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/pipeline.js:32:5
    at async pluginsConfigAccumulator.<computed> [as generateNotes] (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/index.js:87:11)
    at async run (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/index.js:197:23)
    at async Module.default (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/index.js:275:22) {
  code: 'MODULE_NOT_FOUND',
  pluginName: '@semantic-release/release-notes-generator'
}
Error: Cannot find module 'conventional-changelog-conventionalcommits'
    at importFrom (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/import-from-esm/index.js:100:17)
    at process.processTicksAndRejections (node:internal/process/task_queues:95:5)
    at async default (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/@semantic-release/release-notes-generator/lib/load-changelog-config.js:27:63)
    at async generateNotes (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/@semantic-release/release-notes-generator/index.js:34:38)
    at async validator (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/normalize.js:36:24)
    at async file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/pipeline.js:38:36
    at async file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/pipeline.js:32:5
    at async pluginsConfigAccumulator.<computed> [as generateNotes] (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/lib/plugins/index.js:87:11)
    at async run (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/index.js:197:23)
    at async Module.default (file:///home/runner/.npm/_npx/cdf31b77322f1d44/node_modules/semantic-release/index.js:275:22) {
  code: 'MODULE_NOT_FOUND',
  pluginName: '@semantic-release/release-notes-generator'
}
Error: Process completed with exit code 1.

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