Project fails to show site after update - ComponentsConfiguration for '/hst:hst/hst:configurations/home'. Return a NOOP HstComponentsConfiguration instance

After update of the connect project, site fails to load and exception is logged

[INFO] [talledLocalContainer] 10.09.2020 11:21:53 WARN http-nio-8080-exec-5 [HstSiteService.getComponentsConfiguration:322] Could not load HstComponentsConfiguration for '/hst:hst/hst:configurations/home'. Return a NOOP HstComponentsConfiguration instance
[INFO] [talledLocalContainer] java.util.ConcurrentModificationException: null
[INFO] [talledLocalContainer] at java.util.ArrayList$ArrayListSpliterator.forEachRemaining(ArrayList.java:1388) ~[?:1.8.0_252]
[INFO] [talledLocalContainer] at java.util.stream.ReferencePipeline$Head.forEach(ReferencePipeline.java:647) ~[?:1.8.0_252]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.components.HstComponentConfigurationService.mergeDynamicParameters(HstComponentConfigurationService.java:1471) ~[hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.components.HstComponentConfigurationService.combine(HstComponentConfigurationService.java:1575) ~[hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.components.HstComponentConfigurationService.populateComponentReferences(HstComponentConfigurationService.java:1445) ~[hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.components.HstComponentsConfigurationService.populateComponentReferences(HstComponentsConfigurationService.java:201) ~[hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.components.HstComponentsConfigurationService.<init>(HstComponentsConfigurationService.java:170) ~[hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.cache.HstConfigurationLoadingCache.getComponentsConfiguration(HstConfigurationLoadingCache.java:233) ~[hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.platform.configuration.site.HstSiteService.getComponentsConfiguration(HstSiteService.java:310) [hst-platform-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.site.request.ResolvedSiteMapItemImpl.resolveComponentConfiguration(ResolvedSiteMapItemImpl.java:234) [hst-core-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.site.request.ResolvedSiteMapItemImpl.getHstComponentConfiguration(ResolvedSiteMapItemImpl.java:125) [hst-core-14.3.0.jar:14.3.0]
[INFO] [talledLocalContainer] at org.hippoecm.hst.core.container.ContextResolvingValve.invoke(ContextResolvingValve.java:43) [hst-core-14.3.0.jar:14.3.0]