In version 11 of Puppy Ray, there is support for reflective water with wavelets.

The height, frequency, disruption (noise) and other details of the waves can be adjusted.


Learn more here too:  http://www.thebest3d.com/puppyray
 



Plus it's animated too!

Here's a sneak early preview with water, visible Sun, and more.

https://youtu.be/DTxJZlK9lXw

Puppy Ray: Atlantis - exploring the new watery landscapes

https://youtu.be/PQNmk3x3oLc

When the Sun goes down - Puppy Ray unleashed

https://youtu.be/KXb3aOP6l3c