I have also seen water being a good light reflector (for example, a pond in my backyard lights the ceiling of my porch), problem water is going to want to be level, and therefore will only reflect light at the same angle as the sun (which offers a very narrow range and low light reflection). Now that I think about it, the solar panel will do the exact same thing.... You will get a narrow focus beam of light. You really want light dispersion, so whatever used would need to be the equivalent of a convex surface and offer light dispersion.
This is an interesting topic!